GREY:RNSFF - Post by User
Comment by
anymuseon Aug 09, 2018 11:10am
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Post# 28433482
RE:RE:RE:Renaissance is finished...
RE:RE:RE:Renaissance is finished...Agree, but the under lying issues that add risk are a bit much for me. political, cartels,crime. The Mexicans can't be relyed upon to honor the deals they make. eg....first big off shore discovery by outsiders brought Pemex out in a hurry claiming they had some rights to the discovery as the pool encroached into thier neighbouring block. All these risks don't exsist in north america, my reasons for getting out of Mexico completely, just too many other opportunities elsewhere to get stuck down there. The implosion of both IFR and ROE share price tells the story in my mind. The number one thing investors loath is uncertianty, and in Mexico that's present everywhere you look, not an investable jurasdiction in my mind. Who the heck wants to get tied up in a WTO mediation.