Canada’s Increasing Political Risks
FPX Nickel (FPX.V)
Parliamentary democracy offers an extremely dangerous possibility that someone without much support can rise to the very top layer of the government. Mostly what one has to do is to get elected from a ghetto. Thereafter political correctness, and belief in multiculturalism and diversity is very helpful.
There are now several people in very senior positions in the Canadian government who do not have the support of the larger Canadian society.
A leader elected from a ghetto, irrespective of whether he is a Sikh, a Hindu or a Muslim, represents his community and works for their tribal interests, not for Canada’s interests.
The latest entrant is Jagmeet Singh, who has recently been elected the leader of the NDP. I explore this issue in more details in the linked article.
I have written several times about FPX Nickel (FPX; C$0.09). It holds a 100% interest in one of the world’s major undeveloped Nickel projects, and has a current market capitalization of just C$13 million. They have recently completed drilling, to look for higher-grade rocks. From my point of view, the expected assay results offer me a possibility of an upside without much downside risks.
Here is an interview of Martin Turenne, CEO, conducted by Junior Insider:
Also, Brian Leni has written two excellent reports–Part-I and Part-II–on the Nickel market, with information on FPX.
Since early September, FPX has traded from a high of C$0.13 to a low of C$0.09. I am a buyer at today’s level.
Associate: Rajni Bala
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