5 Comments

Great idea.

Let's not forget that Montepuez Ruby Mine is situated just not in Africa, but in a region with an Islamic state insurgency that took over whole cities a few years back in Cabo delgado. It's a bit more than "Political unrest" in the country. It's war in the mine's area. Seems that now the African coalition helped by Rwanda and South Africa is controlling the area a bit. Faberge is very interesting.

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I apologize if I didn’t emphasize the seriousness of the political unrest enough. Insurgency is a real and serious concern with MRM. That said, both Gemfields and the local governments are aware of this issue and are taking serious measures to prevent any bad situations.

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Interesting stock and way to invest in Africa... I will include a link to your post in my Monday emerging market link collection post...

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Thank you! I just subscribed. Looking forward to it!

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May 12, 2023Liked by Breeley Capital

Great write up.

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