RE: YA YA YA Hemorrhoid.. your getting Paidstop dreaming about buyout, political risk is just too important to be ignored.
ask yourself why newmont bought MAE and not ARU if ARU is so good?
see below, just yet another example.
Canaf Group Terminates Acquisition of Zimbabwe Properties
VANCOUVER, BRITISH COLUMBIA, Oct 25, 2007 (Marketwire via COMTEX News Network) --
Canaf Group Inc. (TSX VENTURE:CAF) announced today that negotiations for the acquisition of Great Lakes Minerals and the associated Zimbabwean assets have been terminated due to increased political risk.
The initial agreement with Midas Trust was adjusted after the announcement of the new Indigenization and Empowerment Bill passed through parliament in Harare last month. Both Midas Trust and Canaf remain on good terms and may choose to revisit the acquisition potential of Great Lakes Minerals at some time in the future.
"After much discussion, we have decided that this acquisition is not in the best interests of our shareholders at this time," stated David Way, President and CEO. "We are committed to providing value to our shareholders and will focus on our now 90%-owned coal processing facility, with a view of increasing both our ownership stake to 100% and the overall profitability of the plant. We will continue to search for new high-potential mining and mining related opportunities in Africa."
David Way, President and CEO