Re: R. Friedland...Rio Tinto... investing in foreign P.U. Countries..
posted on
May 29, 2008 03:46PM
JDF;
The Oil Sands project is very old News for the first part of your post. Maybe repackaged to capture imaginations now with the price of Oil. Has that Mineral Explorer in Asia sold its massive investment or did they walk away. There are Elections in Mongolia soon. Change in Government and back to the way it was 3-4 years ago. Then see how fast that situation changes once again. To my ling term planning 4 years ago, that company are right about where I expected them to be by now. A change back in Government will only make it sweeter once again.
As for RIO, they are doing the right thing coming to this country but likely will keep possession of their rights in S.Africa for later consideration. In the mean time others will keep trying to press the Gov. there back into line.
Now, seeing that your post really had no connection to Noront Resources, let me make a connection for you.
Noront Resources WILL NOT BE beaten into line by the "Want to Controls". Maybe they can head to Mongolia and or S. Africa and try from either or both them there!
Old Joe