Gran Colombia Warrants
Dr. Amy Wax recently appeared on Tucker Carson’s show, in which she called India a shithole. In the following talk with RBM, I disagree. India is a rotting, bubbling shithole that is rapidly falling apart under the rule of a thoroughly incompetent, crooked, and venal bunch of politicians and bureaucrats, who are backed by tribal, superstitious masses:
These days, on a daily basis people get arrested in India for posting anything negative about Modi, the PM of India. A friend, a freedom-fighter, and the National Vice President of Swatantra Bharat Party, the only libertarian party in India, Sanjay Garg, has been arrested without bail by the Indian government apparently for his social media posts. He has been deemed to be such a terrorist that the police report has not been made public.
GCM Mining Warrant (GCM.WT.B; C$1.83) has fallen significantly over the last few weeks, perhaps because of the fear to do with the likelihood that the next president of Colombia might be a leftist. While this might happen, my view is that the market valuation of the company is sufficiently underpinned by its project in Guyana and the stock investments it has. Its investments with a marked-to-the-market value on 31st March 2022 of C$160 million have gone up by about 15%, something the market has perhaps forgotten to take note of. The Colombian project continues to make a good profit, which enables a 4.5% dividend yield.
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