RE:RE:RE:RE:RE:Are you Soma pumpers insane? 🤡Great Discussions. I also have holdings in Aris.
I just want to bring to light a risk that may have an impact on lower valuations...geopolitical risks associated with operations in Columbia. Part of the renaming of Gran Columbia to Aris is a rebranding effort. Also, diversification of potential mining locations....Canada and Gyuana...provides and bit of security for the company. All the eggs are not in one country's basket.
Let's say the price of gold goes to $2500US....no problem...stock price goes to $25 and stockholders make the 10 bagger.
What if gold goes to $5000US?
With all the accumulating debt in the world, currencies are bound to fall significantly. Countries and governments will be hard pressed to support their currency buying power. My point here is the very real risk of nationalizing the gold mining industry in Columbia! Will they simply take over the gold mining operations for national finacial security? Who knows?
An example: Average mine worker gets 1.9 million Columbian Pesos per year...about equal to $20K CDN...They have an inflation problem as well.
Just a thought.