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In the short term, premiums for M&A potential will likely become discounted in the market as acquirers look to other jurisdictions with less political risk, says Wendell Zerb.
Bruised investors were reminded last week that nationalist intervention in the Argentinean economy is not merely a thing of the past and that widening economic imbalances in the country could give the new-elected president an excuse to intervene in the economy again, writes analyst Wendell Zerb in Canaccord Genuity's Junior Mining Weekly.
He was referring to a new decree requiring all mining, oil, gas and derivative sector to repatriate 100% of their export revenues to Argentina
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