Global Value Investing

[bpkaus]

They certainly diluted the heck out of the company with the latest capital raise but the stk is presently trading at under the latest issue prices which on surface looks somewhat attractive to me. My main concern is the security of the company's concessions. It seems to me that the fledgling government in the DRC could decide to revoke these concession if they wanted to. The company has been in negotiations with the gov't but performance of the stk could very well depend on the outcome of such negotiations. Not the sort of investment I'd mortgage my house to buy but being a sucker for the long shot, I confess I did initiate a small long position.