iHub Mining Sector Entrance Lobby

[Frank Pembleton]

That's exactly it. They went from the fry pan to the oven. Their flagship property in Russia is an iffy proposition considering that they're playing with the Magadan administration, where a list of North American firms have lost their lisenses to operate. Mining companies should spread geo-political risk to protect shareholder value, but in South Africa? FWIW, there is a number of terrific undervalued NA plays they could of bought instead.

The upside?

By adding a SA miner to their portfolio ... they've just increased the beta of their stock. But I would only play this one after I see which way the court ruling swings in regards to Kinross' case in that same Russian territory.

...here's the pr:
http://biz.yahoo.com/cnw/020913/kinross_omolon_update_1.html