RE:RE:RE:RE:Pacific PreciousHaha I missed this important context. Thanks Poriemon and Bullmetal. I tend to tune out the most recent legal battles between majors and third world governments because there is always something like that happening. I see now why investors wouldn't be keen to sink money in that country and why Stephen made those comments.
In my last post, I was upset because it seemed like Stephen and team knew the Kuta Ridge project was trash and weren't acting in the best interests of the shareholders when they made the original deal. I see now that wasn't the case.
Maybe I'm a cynic, but I generally see this sort of jurisdictional problem as foreseeable and it would be more surprising if it didn't happen. I don't understand the risks and I don't like gambling with my money which is why I personally would have never invested in Kuta Ridge. This new focus on Nevada changes things.
Now I'm upset that the management team got caught with their pants down and on the wrong side of the deal in a country where they clearly didn't properly understand the risk profile. Even the best people make mistakes though and this team has been on the right side of the deal so many times I don't see any reason to re-think my position in Orefinders. I hope this is the last time they invest in a 3rd world country and they re-focus on their core Canadian assets.