About half a dozen of you so far have mailed in to tell me that Louis Lobito Little Wolf James of Casey Research has called “sell” on Continental Gold (CNL.to) after visiting Buriticá in Colombia and seeing for himself the state of play, his 180° turn on the Casey Research reco due to particular emphasis on the community, social and political risk factors of the company and project. Several of you sent in his report too, which was kind (i think).
Hey there’s quite a bit I could say about that change of tack, especially if I put my puerile snarky hat on first, but really it would be unfair. The bottom line is that Louis James has done the right thing here and made the correct call, one that will benefit subscribers of Casey Research. It’s not easy doing an about-turn like this, it takes some backbone and reading political risk correctly isn’t an easy thing, this time on CNL.to you nailed it.
Good for you Lobito, more like this one please, now let’s hope the Ari-sycophant sellside brokerages see the light and direct their clients out of this trainwreck in the making before it’s too late.