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Gold/Mining/Energy : ARU.V Aurelian Resources Inc

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To: joeking09 who wrote (342)3/19/2007 1:03:33 AM
From: BritNick  Read Replies (2) of 516
 
I reduced my 25% weighted position considerably when the congress 2 weeks ago fired Jorge Acosta the president of the supreme court. I am compelled as you put it to watch other plays and read numerous Ecuadorian publications for any sign of light. I did not think we would drop below $25.00 and now $24.00 is being threatened so I have to quit predicting the bottom.

Alberto Acosta could come out tomorrow and say the only changes to the mining regs will be a small exploration tax and a royalty tax on producers. The stock would take off like no tomorrow and I would be along for the ride but I would be watching closely again as the constituent assembly sits down and special interest groups start banging on the nationalization drum.

This will be another exit for me. I don't believe Correa will bite and he could come out very strong against it which would help but we will unfortunately be in the soup again until the proceedings are complete. (120days)

As I have said here many times though, action speak louder than words and progression with other plays is very if not more important. My alerts are set, the hammer is cocked.
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