Thursday, August 7, 2008
Another way to scare off investors, quite similar to news coverage of the Venezuelan mining laws
This scenario is just another way to scare off investors, quite similar to news coverage of the Venezuelan mining laws affecting Gold Reserve and Crystallex.So far, it's all rumours and one has to wonder whether these countries are really going to create a tremendous job loss and harm relations with any foreign company operating locally, or whether it's all one big Jim Cramer-esque conspiracy. Geopolitical risks, however, do not apply to the Nunavut miners, but market manipulation may be as applicable to junior miners as it is to the producing miners in 'less politically-stable' countries. The fact of the matter is that takeover candidates are no longer by definition the 'desired stocks to hold'.
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