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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers -- Ignore unavailable to you. Want to Upgrade?

To: Proud Deplorable who wrote (3287)12/18/2005 11:01:36 PM
From: swannmex  Read Replies (1) | Respond to of 78410
 
FWIW, some big money is not too worried.

Scotiabank $390M expansion in Peru backed by confidence in country's economy
12:32:47 EST Dec 6, 2005
GARY NORRIS

TORONTO (CP) - A $390-million deal giving the Bank of Nova Scotia 80 per cent ownership of Peru's third-largest bank is supported by confidence in the South American country's resource-based economy, executives of the Canadian bank said Tuesday.

Scotiabank is spending $330 million US to acquire 80 per cent of Banco Wiese Sudameris and raise its stake in Banco Sudamericano from 35 per cent to full ownership, then will merge the two financial institutions.
cbc.ca



To: Proud Deplorable who wrote (3287)12/18/2005 11:02:08 PM
From: TheSlowLane  Read Replies (1) | Respond to of 78410
 
I agree, as far as investor perception goes. I think it will be a while yet until we really know what is going to happen. I would not be so crass as to utter the phrase "Cocoanut Grove" when contemplating the difficulty of exiting these particular issues under adverse conditions. Oops, I just did.


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