I believe the HCL is closely tied to many things, which is why it couldn’t be passed successfully in the past.
Too many things are intertwined into it!
This is not a “magic wand” situation…
Many many factors are part of this complex process, and every time we see a positive article from Iraq regarding utilities, trade, government, and a slew of other elements have to come into place for Iraq to RV.
They could just RV today, but without a little more stability in their infrastructure, the value could easily crash before we even get to cash in… nobody wants that!
So as intelligent and (sometimes) patient investors, we continue to watch and root for Iraq.
Our patience will be rewarded.
It’s just a matter of time.
