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Gold/Mining/Energy : Canadian Rocket Red's Picks -- Ignore unavailable to you. Want to Upgrade?

To: sageyrain who wrote (9410)	10/2/2006 5:24:26 PM
From: teevee	Read Replies (3) \| Respond to of 19697

sageyrain, I know of another company that couldn't finance their project in Ecaudor because of policital risk insurance not being available. I should qualify my statement by saying that no lender will provide non recourse financing for project development without political risk insurance. If the mining company is large enough, and the board of directors decides to accept the political risk by securing financing with other assets, then, it is possible they could proceed with a takeover and development in Ecuador. Would any board "push the envelope" of their feduciary duties, responsibilities and liabilities in the current business climate and take on that sort of risk?