RE: A Lot of16 Mar 2022 23:01
I fully get the jurisdiction issue, and you have to factor in a fair share of risk with that. I can just see an end product, not your normal run of the mill end product, but something that is company changing and potentially life changing for investors
The majority of stocks on the London market I’ve had in Western Australia or Victoria, have really disappointed in delivering when looking back. Raise after raise after raise, millions plowed into assets that return very little value or even add much substance long term.(ECR/EEE) etc, far too long for something of substantial size to get going. That’s my personal biggest risk, hence me scoping out a number of opportunities in Africa
Russia has always been known as a safe haven with mining, purely with its mining culture environment and vast amount of reserves. And although the sanctions currently don’t directly affect EUA, they’re operating in a country where it’s leader is currently committing unthinkable acts of violence. I’m sure they were 40% up today and it will continue to remain extremely volatile for a long time. Many companies operating all over in the world in questionable jurisdictions, with high risk political factors. Factors which may down the line impact operations in one way or another. But I see many risks, beyond jurisdiction which I consider before an investment. Having proof of product isn’t that common, and at Cora we definitely have it
End of the day guys were all here to make money. If you two don’t feel like it’s an investment your comfortable with, then you won’t reap the rewards in the end. However if there are complications along the way, then it’s myself who stands to make a loss
The situation doesn’t look brilliant but I think Africa has always had high political and economic risks. If it wasn’t what was happening now, you’d be able to find numerous other issues. There was a military Coup last year and I’m sure there have been many other problems. Hummingbird down the road from Cora recently had security issues. So you may want to ask yourself, rather than focus on the term sheet, are these jurisdictions ever going to be places your comfortable with parting your money with ?
Had great discussions over the years with you both and hope you both decide to invest, but always look after number one. Il top up as and when I can. I may not find the bottom or the “6.5p” that comes but everybody has a different exit strategy, so there’s the same opportunity and money to be made. I knew sellers last year getting out at 12.5p, when a day later it hit 15p. I didn’t question them, that’s their prerogative. You have your margins and set out your goals. This for me, is a brilliant opportunity in the near to mid term to watch a junior explorer, transition into a mid tier company and give me 5-10X my investment in years to come.
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