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: robnhood who wrote (124155)	7/20/2008 10:23:08 AM
From: E. Charters	Respond to of 314136

All governments are bad. All rebels self serving. All leaders are liars. All followers fools. Our job, you and I is to not get swept up in the lies and the turmoil and profit in between. If we keep our head above water and not turn too far to either side we may survive whatever organization should befall the aftermath of man's machinations. In the meantime I try to find out what profit I may make by the present rules in a sensible world with reasonable risk based on scientific supposition and projection that my learning and arts tell me has chance. When people who would enjoy power and promote their ideals make proclamations, and they tend to say for some heralded reason that they would take from us, or prevent us from planning to profit from reasonable industry, so that they may spend these moneys where they wish, I tend to recoil. There are three main parts to my trepidation. For the first part I object because the statement of their reasons are designed more to appeal to those who are susceptible to propaganda and lies. The second part is that their reasons are unproven as to need, and their means undemonstrated as to efficacy. For the third part the means to achieve those ends, i.e. the money and industry to support the wealth distribution they have in mind, is not supported by their taxation of it. You cannot have wealth from profitable industry and the plundering of it at the same time. Countries like Ecuador and Venezeula who hope to achieve wealth and equity for their people, advancement and regional power have to hope to escalate their industry and technology by holding out carrots to wealth producers who will donate the technology to do so gratis. The return on investment given the risk profile they put forward seems lacking. What they are left with is the dream that somehow fortune will become theirs without trying. But even in the most basic of industries the ways and means of profit in an energy expensive and increasingly sophisticated labour force world is complex and requires high science to achieve efficiency. The hallmark of the Industrial Revolution of Great Britain and Europe was the science of Fourier, Lord Kelvin, James Watt, Bessemer and many others whose investigations into mechanical and thermodynamic efficiencies made possible the exploitation of coal, iron and transportation that launched man into the modern age. Even in the California gold fields the level of American engineering reached a pinnacle that spread out around the world to where now all pumps are rated in US gallons per minute and all ounces measured in Troy, a US apothecary system. The first man to measure gold on the American river was a pharmacist. Yet the primitives of the modern world would have you believe that you can build a giant mining enterprise with off the shelf hardware, borrowing from ancient technology. While it is a mature science, it is far from K-Tel engineering. It needs people and computers, chemistry, electrical and mechanical engineering. Power becomes a major consideration. Diesel fuel, tires, etc, all have to be maximized and conserved to the nth degree. Pollution control with the ever more stringent regulations is a very critical area. It has to be done by experts. All these people are very short supply. We haven't been replacing them in our society. And they won't work for peanuts. I think Vz and Ecuador had better wake up. They have no clue what the process is and how we even raise the money. They have 50 years to go to learn. If they want to get us to help them get out of the mire they are in with their shaky politics and backward social standards, they had better learn that a deal has to have 20 year stability before a billion dollars will be committed. We aren't seeing that now. EC<:-}

To: robnhood who wrote (124155)	7/20/2008 11:32:18 AM
From: E. Charters	Respond to of 314136

"Much of the land that was lost was held by questionable companies and acquired by questionable means and in some cases very questionable means, They will all get a chance to reacquire the legitimate concessions." You are taking the Ecuador government's party line. I know some people from Canada who lost 3 million dollars worth of land and work. Placer claims, producing, the whole works. They were honest, did the work, consulted, hired natives etc.. They were also native Ecuadorian themselves. Read my lips. They did nothing wrong. They observed all regs. They can speak the language. They knew the ways of the back offices. They just got robbed. Two honest hardworking CDN companies lost their concessions without any wrongdoing. All we hear is the government side about not doing the proper consultation with tribal groups. I suppose Mitsubishi ingored the locals too when they got their camp burnt down and lost 5 million? Let's fact it this was a land grab for partisan means to satisfy a leftist parliament and some rebel natives. read FARC leaners. Miners go in and observe regs, stake land, do the geofizz, strip, drill etc.. geochem. The usual thing. And they go to the mining offices, hire consultants follow the steps. What else can they do? What specific evils was the government talking about? Really. In order to hold land, the Ecuadorians because of their primitive mining regs had to put the land into many names. You used your brothers name for so many concessions, your sisters, finally your uncle etc.. Like taxi licenses in the city of Toronto. The way Mel Lastman got rich. It was land speculation. I can see them stepping in and cleaning that up. But that is not how or why the CDN's lost their land. It was purely, "lets grab this on a technicality." Believe it. EC<:-}