Private, you're right about the fact that they can do whatever they want, but I think most of these developing or third world countries know that there is a steep price to the short term gain of expropriation. For the past 4-5 years nationalization was a big fear in the mining world but seriously, how many times did it happen? A few companies went down because of this but it's really rare and usually it goes into arbitration and the country will compensate at the end. A country that does this will kill any further exploration so any potential to make more money with taxes in the future. The reason why I liked TC before is because it was in a "safe" geo political environment. Well, see what difference it made, meanwhile MUX which has mines in "risky" countries exploded 400% over a few months.
I haven't held TC for quite a while but I can tell you CG is getting very tempting especially if it sinks under CAD$7. If they get MM, they'll definitely become a cash generating machine while being less geo-politically risky.
Meanwhile, the home run with all bases loaded was with MUX, 500% gain in less than 12 months. The moral of the story, for me anyway, is to always try to locate the companies with the least debt. PLG is another low debt miner that jumped 400% over a few months.
Wow you guys really went for the home run. But honestly it could have been a big hit, metals recovery just came a little too late and Perron made sure to aim the Titanic to the nearest iceberg. Also it could have been worse, look at MCP...