Post by
stockpunter2 on Mar 13, 2024 7:19pm
country risk
of course there is a "country risk" associated with every gold mine. However, one wouldn't wiisely pick a country to go for a holiday without looking at travel risk recommendations; nor should anyone shut down or try to trivialize a discussion of "country risk" when considering the wisdom of investing in CXB. What stands out about Nicaragua is that it is run by authoritatrian leftists that clearly get a lot of their funding from gold miners. If the government decides to transfer the assets to China, what are you going to do? If the USA ousts Ortega, why would a new government honour CXB's arrangements. I don't think the risks are anything like the possiblity that Green Peace, for example, will manage to get ORLA's Goldstrike area in the Carlin Trend declared an eco preserve. It is a question of relative risks. Use your brain.
Comment by
stockwatcher7 on Mar 13, 2024 7:37pm
Choice is simple, if you dont like it, buy something else. See ya!
Comment by
someday2 on Mar 13, 2024 7:54pm
I look at it this way: If it all goes t*t* up, we still have Newfie. That stock was over 3 bucks on moose pasture alone. (well) It could get there again into production, drilling etc. So from this point on the rest is a bonus say. This philosophy is only used to keep my mind content....(: Why the hell is the sky falling all of a sudden !! Faaaawk