Sunday, October 9, 2011

October 7, 2011 Edition of the Stateside Report


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1 comment:

Anonymous said...

So in effect we have China nationalizing properties that western companies have developed. Sounds like the same tactics employed by South American countries like the Venezuelan takeover of the Aurelian property after Aurelian had spent a lot of time and money proving up.
OK for the companies I guess in that they get their expenses back plus maybe some profit. But of course the small shareholder takes it square on the chin as the share prices plummet like in East West Resources. A 90% haircut in just one year. This has got to be one reason investors are reluctant to invest in resource companies because of the corrupt countries in which these companies are exploring.

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