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


To: NOW who wrote (37750)5/8/2006 12:32:27 PM
From: Valuepro  Read Replies (1) | Respond to of 39344
 
tooearly, "then you think the share rise is irrational ?"

For AQI and IMR? No! Lot's of people playing the lawsuit game, and many more simply unaware of the jurisdictional problems related to the mining bans (use of cyanide and open pits). That's not so much irrationality as it is ignorance, or a difference of opinion in the long-term effect of the law.

Having said that, I'm playing the lawsuit thing, too, but only the lawsuit awaiting the decision. I was 60/40 AQI v. IMR. ...got stopped out on IMR and never bought back. I sold half of my AQI some days ago for a 140 percent gain. If AQI wins, I gain more. If not, I still come out ahead, though the balance of what I hold may lose half it's value, or so. I will not thereafter hold any issue with a substantial portion of it's total property holdings in Chubut province.

Side note: Even though AQI's Calcatreu project is a bit across the border in Rio Negro province, the same core of people who got the law passed in Chubut, have demonstrated against AQI at Calcatreu. They don't seem to want open pit mining (and the use of cyanide) anywhere in the region.