Post #26

Sorry, But Can't Stop Thinking of Botswana 🤝 Recently we've mentioned that the country is going to strike a deal with major world diamond miner De Beers so that state's stake in the company reaches at least 50%, which certainly means they want a controlling share. At first it seemed cool and OK, but then I saw this Bloomberg's interview with pres. Duma Boko of Botswana and thought: actually...why would they do this? 📉 The crisis on the diamond market caused a downturn in Botswana's economy which is now 5% smaller than a year ago and country's deficit budget is itself comparable in full size with the cost of De Beers. “We want effective control of the industry, we want our voice to be heard…” 🤔 Doen't look like a good deal, especially when in August the same pres. Duma Boko had to announce a public health emergency due to the lack of finances to supply medical stores. 👇 Devils Below