copy: not investing in Eritrea
cc from the West Africa gold IH board, I wrote re unacceptable political risk of Sanu:
I assume you're talking about Eritrea, not West Africa. I agree. I made the same decision based on the myterious "halt" of Eritrean gold exploration last year without any explanation from anybody. It looked like a classical shakedown rip-off of the explorers who had already invested a lot there. Luckily I'd sold all my Nevsun near the high, to buy a West African explorer.
Notice that this relates only to Eritrea, NOT to Sanu and Nevsun's West African projects. But it seemed as though they were being valued solely as Eritrean plays. Basically, the government of Eritrea lost is "cred" = credibility, with me at least.
Maybe I'll cc this to the Eritrea IH board if I can find it.
