GDXJ - Market Vectors Junior Gold Miners Index Message Board

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Gold/Mining/Energy : GDXJ - Market Vectors Junior Gold Miners Index

GDXJ 93.63

-1.4%

4:00 PM EDT

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To: orkrious who wrote (110)	11/13/2009 5:44:50 PM
From: carranza2	Read Replies (1) of 196

If I read things correctly, NGD management has said that everything was properly in place from an administrative standpoint. I am no expert on Mexican law, but there is a deep disconnect between what NGD management stated and what the court has done which is to order the Mexican equivalent of the EPA to shut Cerro San Pedro down. I read the decision to preclude any further appeals. As a lawyer, I always put little stock in statements like that since there is always something that can be done. I haven't sold, trying to sift through all this, which is highly complex. I have given NGD the benefit of the doubt until the smoke clears. And a good thing it is as NGD had a nice bounce today, but damned if I know if it means anything.

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