VituVingiSana wrote:The reason the shares/offerings in Exploration firms are very restrictive is that they are highly speculative & risky. The CMA feels the mwananchi is not sophisticated enough to take that risk [though he can visit a casino] so bars the sale of these in Kenya.
Hehe. Yeah. Plus pyramid schemes are free to conduct their biz
CMA should not pretend to protect investors. You can't do that by dishing out 10k fines.
I wonder if the GEMS market will have a couple of exploration startups.
As you rightly mention, exploration can be a hit or a miss. By 'protecting' investors from losses, you are also shielding them from windfall gains. Risk should be an individuals choice, in my opinion.
By the way, I am not condemning Stockport in any way. Just showing the risk in the sector. They have yet to begin drilling, so the jury is still out. Plus they operate in a very prospective region.
GOD BLESS YOUR LIFE