RE:Started a new position... My issue is that west Africa has gotten far too risky.
Crackpot Governments/military regimes in control in BF, Mali, etc.
Could spread or get worse.
it's a shame because EDV really did know what they were doing on fundamentals ( exploring, acquisitions, mine building, etc. ) But the wildcard of greedy regimes is difficult if not impossible to overcome ( see Barrick) even with diversification of mines across many countries.
So over the past few months I too unloaded a significant portion of my position ( still have about a qtr left).
Then there is the risk of a pending market crash which will bring down all boats with it. Post 2025 crash will be a once in a generation time to load up on well run gold producers.... in safe jurisdictions !
I may be back if there is evidence of stability in key African countries ... but my fear is that crackpot regimes will only get worse with persistent inflation and falling currencies. If/when gold explodes, they will want ever more. The best that can happen is if countries like BF and Mali implode under their own greed ( and effectively kill the golden goose) , that neighbors like Senegal and Ivory Coast will learn from it and avoid the greed trap
glta to all here.
MM