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Gold/Mining/Energy : Precious and Base Metal Investing
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To: Box-By-The-Riviera™ who wrote (13703)7/10/2003 7:37:36 AM
From: russwinter  Read Replies (2) of 39344
 
I agree with orkrious, although don't place high hopes with the courts. Typically, courts will come back with "ripening" rulings (delays)in land use cases of this magnitude (could bankrupt already bankrupt Montana). In otherwords have you exhausted all your remedies (such as a new initiative to repeal)? I think the takings case could be won if necessary in 2005, if the repeal campaign is lost (I'm betting on victory). I think waiting until Nov. 2004 (or shortly before that) will be way too late. In the meantime it will trade along with the sector. I'd like to start the clock ticking for long term capital gains, which ought to be substantial when and if I-157 is repealed next year. The takings case in 2005 is my fallback if they lose.
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