A lot of resource investors stop listening to corporate presentations when they learn the company’s project is in Africa.
More often than not the country risk of exploring for minerals is just too big a gamble for retail investors’ hard-earned capital.
Development projects are hi-jacked by rebels, or over-run by artisanal miners. Operating mines get expropriated by governments that can’t resist the temptation to raid a foreign company’s coffers. And African miners frequently see their profits reduced by corrupt officials intent on re-negotiating royalty contracts….CLICK for complete article