Gold and Silver Juniors, Mid-tiers and Producers Message Board

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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers

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To: Rocket Red who wrote (58712)	4/18/2008 10:25:56 PM
From: Land Shark	Read Replies (2) of 78405

Looks like a grab to me. "We have revoked around 80% of the mining concessions and have suspended the other 20%. We are recovering our natural resources. The concessions revoked will pass into the state's hands and in the future will be administrated by a new State Mining Corporation, which will be created soon," Betty Tola, a member of the government's Alianza Pais party, told Dow Jones Newswires. Unfortunately, ARU will open up under a buck on Monday. Fortunately, I don't hold any at this time. I was entertaining the idea of shorting it today. But, didn't go for it. I wonder if ARU stakeholders have any remedy through Ecuador courts?

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