Potential Coup Thwarted in Ivory CoastPosted: June 13, 2012
Reuters reports last night a potential coup was thwarted in the Ivory Coast.
“All state institutions are hereby dissolved. All political activities are suspended. A curfew has been put in place until further notice … All land, air and sea borders are closed,”
Arrests were made and some documents were recovered. But nothing absolutely crazy as far as “crazy” goes in Cote d’Ivoire.
These are the things I mentioned when I previously wrote “Know your location.”
Off the top of my head, the companies I know with operations in Cote d’Ivoire are Randgold (GOLD) and Cluff Gold (CLF — London ticker). Randgold looks to be opening higher with the higher gold price. Makes sense because nothing really happened. But also this doesn’t surprise me because I’ve met Randgold management and CEO Mark Bristow is an impressive man. He and his management team are the ones you want in places like this.