SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : ARU.V Aurelian Resources Inc
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
From: LoneClone4/13/2007 11:57:52 AM
   of 516
 
From Pescod:

"Bloomberg reports that Ecuador’s bonds are rising to the highest level they’ve been in four months, they report that it’s because concerns are abating that President Rafael Correa will allow Ecuador’s bonds to default.

A country with $10 billion in debt has created quite a stir, particularly in mining circles as there were concerns that the new left-wing President might default on debt plus also change the way the mining business in carried on in the country. And the charts on many mining stocks there shows that it was much bigger than a correction.

Now however, it looks like things are going much better as Ecuadorian-based mining stocks are having quite a day. This doesn’t mean things are straight forward though and still aren’t in the country because there is still the referendum this Sunday to vote about the writing of a new constitution. To show you the confusion, 57 congressmen were fired by the country’s supreme court on March 7th and what next is still open to debate.

But mining is something that could give this relatively poor country a heck of a boost and I’m sure mining companies wouldn’t even mind paying higher royalties to get things going again.

The move in Aurelian Resources today shows an infectious optimism and Eric Coffin of the Hard Rock Analyst suggests that he doesn’t expect to see Aurelian around within the next four or five months suggesting it’s an obvious take-over target and he feels that if it sells for anything less than $45.00 it would be because of the concern about politics."
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News