I’ve heard a couple of podcasts recently say investors in mines/miners need to think a bit more about the possibility of countries (say Canada, a country with paltry gold reserves of its own) nationalizing the miners in their jurisdictions. Is this something we really need to worry about? Any idea what that would look like? Would investors be porked?
When you hear some of the utter guff coming from Brandon, you wonder, if they'd be stupid enough to try, or to threaten nationalisation of parts of the energy sector.
I don't actually believe they would - but they might just be stupid enough to threaten / discuss the possibility, whilst ignoring the fact Venezuela tried such measures?
We are in such a mess, because investors and boards, have been scared off future investment commitments.
Canada probably isn't a good place to go mining right now considering all the "eco terrorism" that has been taking place in provinces such as Alberta where activists have (in the past 5 years) taken over oil pipeline construction sites and building traps on the roads to said sites and attempts at trying to derail diesel freight trains carrying oil into the US plus the current Canadian administration has had a hardline stance against new natural resource developments but thats mainly just oil and gas and I don't really know what the situation is with the mining industry...
When presented with the potential for a great investment opportunity in a captive market, requiring time (years), patience, commitment & a lot of cash & a lot more cash for overruns..... take your pick.....say a new refinery for diesel or fertiliser in the UK.......
What happens to that zeal in the face of windfall taxes & heavy handed environmental regulation?
Banning the export of various commodities, seems to be a theme for 2022.
This short article might be of interest to tin / nickel bugs.https://equalocean.com/news/2022052018072/amp
I’ve heard a couple of podcasts recently say investors in mines/miners need to think a bit more about the possibility of countries (say Canada, a country with paltry gold reserves of its own) nationalizing the miners in their jurisdictions. Is this something we really need to worry about? Any idea what that would look like? Would investors be porked?
Chris M
Resource nationalisation is a never-ending concern, but I'd say Canada, even with how nuts it's gone lately, is pretty safe.
When you hear some of the utter guff coming from Brandon, you wonder, if they'd be stupid enough to try, or to threaten nationalisation of parts of the energy sector.
I don't actually believe they would - but they might just be stupid enough to threaten / discuss the possibility, whilst ignoring the fact Venezuela tried such measures?
We are in such a mess, because investors and boards, have been scared off future investment commitments.
Meanwhile Brandon is declaring war on practically every industry that doesn't contribute to the Democrat Party - whilst approaching last month's enemies for supplies - not a good look going into discussions with SA.https://twitter.com/JavierBlas/status/1535338662979829760?fbclid=IwAR2tdkgYSI7IDdh77tqmgT9L3MwYCpuQIbnPRUFJNZEyJun5fs0vIU2Al9c
Canada probably isn't a good place to go mining right now considering all the "eco terrorism" that has been taking place in provinces such as Alberta where activists have (in the past 5 years) taken over oil pipeline construction sites and building traps on the roads to said sites and attempts at trying to derail diesel freight trains carrying oil into the US plus the current Canadian administration has had a hardline stance against new natural resource developments but thats mainly just oil and gas and I don't really know what the situation is with the mining industry...
When presented with the potential for a great investment opportunity in a captive market, requiring time (years), patience, commitment & a lot of cash & a lot more cash for overruns..... take your pick.....say a new refinery for diesel or fertiliser in the UK.......
What happens to that zeal in the face of windfall taxes & heavy handed environmental regulation?
Well, precisely!
Here is a must read:
https://bombthrower.com/how-to-protect-yourself-from-davos-man/
I recommend subscribing to this man’s regular
thanks. Will check
I’ve badgered JD to get him on the Delingpod as well.