RE: Burkino Faso1 Aug 2023 09:49
So I now have a moment.
Cognitive Dissonance is simultaneously holding two contradictory and conflicting ideas or notions to be true.
https://www.medicalnewstoday.com/articles/326738#:~:text=Cognitive%20dissonance%20is%20the%20discomfort,that%20can%20happen%20to%20anyone.
So in your case, you have been posting that the only thing that matters at the moment is DRC cash and ALR sales. Every time I mention Soma Gold or Juno Minerals royalties, the response is "we are only interested in DRC cash or ALR sales" yet at the same time you are hyper ventilating about Burkino Faso. So which is it? Only DRC cash and ALR sales matter or do other things matter too?
Burkino Faso has cost RRR de minimis and will be in the books accordingly: so if it all goes pear-shaped then the loss is de minimis. A mate and I have put some cash in and it goes pear-shaped that is the way it goes. In my case, the money is not material and in my mate's case it is not even a rounding error. This is the difference between investing in places like Burkino Faso/Cote d'ivoire/Zim and investing elsewhere: it costs practically nothing and if it works out we do very well.
Everyone investing in these marginal areas has to accept that things can go wrong and if they can't do that then they shouldn't invest. If it does go wrong in Burkino Faso then the write off will be similar to the write offs in Slovakia or Adidi Kanga.
Further, the market as whole places zero value on most of RRR's assets and it certainly does on Burkino Faso: so why all the drama queen stuff?
Lastly, the military took over a while back and RRR has been able to operate without any issues, the same applies to other companies in BF. In addition, we have managed to have licences transferred to RRR ownership during the same period.
It may go pear-shaped but it hasn't yet. So probably if you should go and take your cognitive dissonance for a walk.
DYOR
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