That's an unfortunate perception of SGCP's intangible assets.
Quoting here:
"If the Chinese want those concessions, they'll just break out their giant wallets and I'll bet the paramount Chiefs would send SGCP down the river without even a decent goodbye."
The operating phrase in there is "I'll bet."
There is no surety of that unfortunate view.
The truth is, these mining concessions were acquired through legitimate means. They are 20-50 year leases and a matter of record.
I don't think it's very smart to trivialize the Paramount Chiefs that way. I think they do understand fair dealings, honesty, and integrity.
Sadly, they know all about it, both ways.
It's understandable how people without those intangible traits would have no concept of how they work, but that lack of understanding shouldn't preclude their existence.
There is a certain danger in superimposing one's own set of attitudes, values, and beliefs on the Paramount Chiefs.
Just because you, the Chinese, or any other third party might break their word, doesn't mean the Chiefs would.
SGCP is only a "dog" (as you put it), to those who haven't managed their investment wisely. There have been plenty of opportunities to remedy a high PPS. A couple
hundred dollars strategically spent would have an .05 PPS average green by now, so it's not like it would have taken a lot of money.
I know, because I did in three trading accounts. The PPS started out a heck of a lot higher than .05 too.
If a guy doesn't manage his own investment the fault shouldn't be laid on the Paramount Chiefs, the Chinese, the company, or anybody else.
Intangibles DO matter. It is a sad commentary if a guy doesn't manage his own investment, blames 3rd parties for it, and sees foul play at every turn.
It's a sad commentary, but not necessarily about SGCP.
SGCP is gonna do just fine this year, and a lot of investors and Sierra Leonians are gonna benefit from it.
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