A Special Alert Musing from Mickey the Mercenary Geologist
September 3, 2019
I’ve said this many times over my 27 years as a junior resource speculator: “I won’t put my money into any country that ends in “stan”. My reasoning is simple: Most of these countries are ex-satellites of the USSR and have a long legacy of fascism, corruption, bribery, and instability. And to this day, many are under control or influence of Russian organized crime and/or radical Islamic fundamentalists.
The legacy of Canadian-listed exploration and mining companies with failed, extorted, nationalized, or otherwise expropriated mining ventures in this collective cabal of countries is a tale for another time.As with all the junior exploration companies that attract my speculative dollars, it starts with the project. I obviously think that the frontier gold project described below merits the increased geopolitical risk associated with a former Stan nation.
The Kyrgyz Republic, formerly known as “Kyrgyzstan” in Soviet days, is the host country. So as far as semantics go, I have maintained my track record of avoiding the Stans as an investor. Over the past year, I participated in two placements at 20 cents in a private company, Realgold Resources, with compelling gold targets in the Kyrgyz Republic.