Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Rocket Red who wrote (58536)	4/17/2008 7:57:59 PM
From: marcos	Read Replies (1) \| Respond to of 78407

'We believe that President Correa's strong support for responsible mining will carry the day."' No doubt - but at a price ... there was always some added price to pay, the existing no-royalties system was absurd, couldn't continue ... there had to be much more benefit to locals from their resources, this has always been clear ... however, shutting companies down for six months is a drastic measure, they've got serious investment on the line ... Dynasty is on track to start production in this quarter, that's a lot of capex spent There may have developed an impasse in private negotiations between one or more companies, and the guvmint, and the latter is demonstrating that it has the ultimate power, and the will to use it Could be a nefarious plan by shorts, like they're saying on the other thread, but it can often be a mistake to ascribe to malice, or avarice, that which can be explained by stupidity This stuff adds up too, people already weren't too enthused with the country, today's bit just adds to the record ... piss me off! .. lol, c'est la vie say the old folks, it goes to show you never can tell