RE:RE:Risk discount on Russian Aucoy will be enormousFor me it's simply a risk issue....one of the advantages that KL has is safe jurisdictions of Canada ans Australia. I had a great silver play years ago (south american silver) in Bolivia and then gov't there found a reason to expropriate. It was such a great prospect and the loss was a real kick in the knackers, so I'm cautious on mine locations. Africa likewise is a risk. Not saying it bad, just need to consider how much money you're willing to gamble/ risk to lose.
Regarding KL sp swing, hard to say what's driving this. Some unseen fundamental issue we're missing or large fund taking it down to buy cheaper, or are we all just paranoid? I'm not a swing trader but mostly long term. I've taken to heart what I've heard many others say which is there is a very good chance that political issue (maybe even rioting in the streets) will wreak havok with all markets around US election issues and non-decision in November might drag this on for a period of time. Cash on the sidelines will allow some stink bid ops and I suspect we'll see a portion of the market considering this, thus adding to volatility in volume and price. Strange times indeed!
JMHO.