RAU

The moment you have political interference, it is very sombre news. Almost a graveyard visit.

There is conflicting reports about Bolivia. The government is leftist but recently it realized that you cannot run a government and keep your citizens who voted you in happy... unless you have a budget to spend. Bolivia is not rich in entrepreneurs nor technologists. Neither is it endowed with agricultural richness. But it has mineral wealth. It requires wealth to extract that natural resources.

Foreign investors have been leaving in droves. Likewise, Hugo Chavez's Venezuela (with the largest oil reserve in the world) is poor. Far left government usually ends up in poverty because no human beings want to work for nothing especially if you get something for not working. And the same is given to you whether you work hard or not.

RAU pulled out today, citing uncertainty in Bolivia and pending government announcement regarding its new mining rules. It has been in South America for a long time and must be well-aware of what is going on. Luckily, I didn't top up recently. But if the ruling in Bolivia is favourable, then RAU will explode. I am not optimistic though.