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Gold/Mining/Energy : Precious and Base Metal Investing -- Ignore unavailable to you. Want to Upgrade?

To: marcos who wrote (26116)	12/30/2003 6:54:07 PM
From: TrueScouse	Respond to of 39344

marcos: <<Not much interest yet in Cadre, considering the news .... people just don't trust Vz, period .... >> I can think of several other places where the country-risk is far worse. Hecla is doing very nicely there and has transformed itself from a silver company into a gold-silver company due to its very profitable Vz operation. But, you're right that perceptions are just as important as reality. :^( Have a good New Year btw! I hope 2004 is the year that CSL makes you rich! <vbg> Best regards, Howy

To: marcos who wrote (26116)	12/30/2003 7:27:09 PM
From: The Vet	Read Replies (2) \| Respond to of 39344

marcos you are right when you say "people just don't trust Vz, period .... but the whole place is an uphill battle .... lately the opposition has been turning in the petition names to the electoral council, and the chavistas are screaming fraud, of course ... it's going to be a while before perception of political risk is improved... on one level but wrong on another. I assume your reference to "people" means the US establishment, media and government. Very few "people" in other countries are concerned. George Bush (who wasn't elected by a clear majority) feels threatened by Hugo Chavez (who was elected by a clear majority) because <font color=red>Chavez's politics are well left of Bush's and more importantly Venezuela is an influential member of OPEC and a major source of US oil.</font> These sorts of countries are seen as threats and have to be brought into line, traditionally by installing a "US friendly" dictator supported by US money and arms. The campaign to create strife in Venezuela is CIA instigated, driven and maintained. The US mainstream press complies (as it always does) so the "people" maintain this element of distrust and unease about Venezuela. However even US companies like Hecla are treated well in Venezuela. Gold Fields is getting heavily involved there and the issues of working in Vz are far less daunting to them than those in SA. Even the currency is in the miners favour, as it is even weaker than the US dollar and that is a huge advantage. The issue of removal of concessions from companies that are not using them, obtained them fraudulently or are not complying with the conditions of the grant, got undue publicity in the US press, but it's a process that goes on in all countries. All exploration and mining rights granted by all governments have a "use it or lose it clause". They would be negligent if they didn't have it. Some reading for you on the US press treatment of Vz. A little dated but you will see the pattern... Hugo Chavez Is Crazy! By Greg Palast alternet.org