Post by
discern1 on Apr 17, 2011 4:52pm
My take on Burkina Faso
Unlike many Canadian resource companies, the heart of HRG is true blue Russian.
As much as this makes for unethical practices, I think we have a significant advantage when it comes to political uprisings in third world countries.
I don't want to be naive, however, I have a feeling that Mordashov would have no problem securing very heavily armed mercenaries to keep the gold a coming. If that didn't work, Mordashov has probably enough political clout within the Russian Oligarchy that one call from Putin to a Burkina Faso dictator will quickly clear the way for HRG operations.
Comment by
1marketmaker on Apr 17, 2011 7:15pm
You are likely correct. I had not thought of it that way. Likely because I am Canadian...and cannot fathom that form of an action...and did not put my Russian Mafia hat on.
Comment by
tom_abc2003 on Apr 17, 2011 8:45pm
I agree with you on this one, I think the Russian are plus to this. In the short term the stock will go down because political uncertainty. It makes the value this stock more unbelievable to invest in long term.