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oilman007

07/21/06 12:16 PM

#1791 RE: mrogop #1790

and what I am saying is that his views on Globalization has proved to be on track. His "theories" are based on humans and how they deal, so that is part of the equation.

There is no doubt that transparency and avoidance of illegal activities (bribery, for example) increase the likelihood and safety of investments for the corresponding country. It is where Nigeria is behind. They have the goods (oil, minerals) just not the safety for investment. As transparency increases and illegal activity is routed out, the better investment opportunities become.

I am in no way saying there is not huge promise in the territory, and I believe stock price for ERHE already has these negatives factored in, so as it gets better, stock price should rise. Hopefully that will be the case.