>>20320804I really love the project Nexgen has but the management team truly is "elite" in pissing away shareholder money by the hundreds of millions, in both management compensation and stupid advertising. They even added adverts onto formula 1 racing cars!
>HMYI like Harmony from the perspective that they're a bit high cost producer so they will enjoy bigger margin expansion from a rising gold price, and I really like their growth prospects especially with the Papua-New Guinean copper-gold project JV with Newmont. I also think they're improving operationally which is a plus. I don't mind the price crabbing at all and I think the company will do very well but I'm not a shareholder mostly because 1) they're mostly in South Africa which is a failed state with important, potentially devastating elections coming this Summer, and 2) because the company is valued pretty fairly when taking the high costs and political risks into account.
