Tuesday, April 13, 2010

Antioquia, Colombia: A post for anyone who is thinking of investing in junior gold miners there


You always have a choice of information sources. If, for example, you prefer to take your Colombia pol risk appraisals only from the IR departments of Antioquia Gold (AGD.v) or Colombia Mines (CMJ.v) or other juniors currently operating and exploring in the Antioquia region of Colombia, then that's fine by me. Or if you prefer to swallow the biased bullshit of stock promoters in trade show presentations using glossy powerpoints and "everything's all right in Colombia now" lines, that's also fine by me.

It's your money after all, waste it the way you want.

However, if you ever get round to doing a bit of serious DD on the region you'll find out something different than the corporate line. Take for example the report linked here, all ready for you to download. It's the latest from the United Nations' OCHA office in Colombia, dated April 2010 (i.e. now). It's one of the typical weekly or bi-weekly dispatches from OCHA. It'll show you just what you're letting yourself in for by throwing money at a bunch of wildcat explorers in the most dangerous region of all South America. It'll also give you a taste of what the IR departments of juniors hanging in Antioquia haven't bothered to tell their willing sheep. Me personally I read this kind of stuff all the time, but I had to rootle around to find something in English. Anyone versed in Spanish has reams of information at their disposal about the dangers of Antioquia. If you don't speak Spanish, you're at the mercy of those who will distort facts to suit agendas.

To wrap up, while you author continues to be very leery on Colombia exposure in general, he makes no bones about avoiding anything Antioquia like the veritable plague, avoiding any junior with liars at the helm who tell me there's no risk and mentally scrawling a great big red "do not trust this person ever again" on the forehead of any newsletter paid bullshit pump pusher who tells me Antioquia is a great place to expose my investment cash. But that's just whussy old me.....