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.

Strategies & Market Trends : Ride the Tiger with CD -- Ignore unavailable to you. Want to Upgrade?

To: Rocket Red who wrote (112756)	4/27/2008 2:24:03 AM
From: Proud Deplorable	Read Replies (1) \| Respond to of 312400

Correa needs a cookie cutter and I'm betting ARU will be the company he uses to illustrate to the radicals how it can be done to their liking. I am not aware of any other mining company in the country that could be used in this way to prove that responsible mining can be done. Anyone out there think of any other mining company in Ecuador that would serve to back Correa's assertion that responsible mining would be welcomed? I hope ARU is the example because if he can't find one or two then Acosta could win his point and get support to stop all mining although even if he runs for president, which is likely, he cannot win because the people are becoming disenchanted with the left, Correa's popularity is ebbing, and Acosta is further to the left. I'll back my horse in the country, ARU, for a hail Mary pass. READ CAREFULLY agoracom.com

To: Rocket Red who wrote (112756)	4/27/2008 2:48:51 PM
From: marcos	Read Replies (2) \| Respond to of 312400

Note where Correa is speaking from yesterday - Zaruma, where Dynasty is building right now, set to produce within this quarter ... they're the first mine startup in the country, capex is largely spent, not only on exploration but on full construction It would be very bad for business to screw them around overmuch ... certainly there will be royalties, maybe a carried interest for the state 'mining company', strict enviro regs no doubt, however in the dmm.to case they'll be setting an example for others, who have yet to bring near the amount of capital into the country, on a per-unit-of-resource basis ... r-e posted a link that says Aurelian will be made a 'cookie-cutter', well that may be true in some ways, but Dynasty even more so, and in the here and now - they come to production well within the six months, decisions have to be made there toot sweet Having the stocks tank so severely on word of the mandate was a good move, billions of capital 'wiped out' in hours, should serve to point up the importance of these matters, realisation comes that yes, they can kill the golden goose ... will they? - i dunno, depends on who actually has the power there, ultimately, and exactly how freakin stupid they turn out to be ... probably Correa, and not that stupid, imho