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To: Mark Adams who wrote (64037)2/1/2001 4:22:46 PM
From: pater tenebrarum  Respond to of 436258
 
FCX doesn't keep its accounts in Indonesian rupiah. everything dollar based...i doubt they even know what a rupiah looks like...-g-
they are not affected by the new forex trading rules as far as i know.

however, thanks for the article...once one owns a stock like FCX (which is incredibly undervalued fundamentally due to the 'political discount') one needs to constantly keep an eye on the volatile political situation.

FCX has btw. made its own treaties with the neighboring Amungme and Kamoro tribes. they get a cut (jobs, schools,financial support for local businesses, medical help, etc.) as well as certain guarantees regarding the environmental impact of FCX's activities. unless they're out to slaughter the goose laying the golden eggs, they are more likely to see to it that nothing untoward happens to FCX. the treaties were signed in July last year.