With all do respect, sir, I know this stock (BAA) has been massively touted and promoted on various IHUB boards this week, but IMO, is far to risky for the average IHUB investor. Firstly, the company's properties are in tropical African countries, tens of thousands of miles away from the U.S.
Have you researched the political stability of countries such as the Congo lately where a mine is situated? This is a very poverty stricken nation. Do you know for a fact that that there is no possible danger of Government nationalization of their property?
What about its location and accessibility of the mine in the tropical rainforests or the possibility of an outbreak of disease there? Are there any danger of problems with the native tribes in the area?
All the above issues need to be addressed and thoroughly examined before one should ever think of investing in this operation. Finally, what about the quality and richness of the ore? Is the mine situated in close proximity to modern transportation? There are many fine mines located in both the U.S and Canada. Why take the extra risk in buying shares in a small Canadian company whose properties are situated in Africa? Obviously, there is a reason why the shares are priced so low under book value. Perhaps the market is sending us a message.
