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: dara who wrote (128400)	8/16/2008 1:16:31 PM
From: E. Charters	Respond to of 314090

You have to see the outsiders coming before you start. The mistake they made as I see it was assuming that if you give them an inch they won't try to take a mile. Never give a sucker or a wolf an even break. They were playing with the wolves and the chihuahuas and they got bit. You know what they are up against when the government allows these ejidos to rule things. Send in the rabble and threaten to burn them out and demand half the profits. Same way all over Latin America. Close parallels can be seen in Canada in a more sophisticated way when the various governments stole the Potash Mines and Texas Gulf off the US investors. Just a different style down in old Mexique. Fundamentally too, the CDN government federally did the same thing to Inco in Sudbury. They withdrew the tax concessions of the mining companies in bulding infrastructure in the North. That made the NWT into an economic wasteland for 30 years. McGuinty wants to do the same to the Boreal forest which his suited imagination he believe is a forest paradise producing nothing. In fact the roots of the boreal forest produced a mining industry that was responsible 38% of Canada's foreign exchange in 1975. The Boreal overlies the CDN shield. It has never been in serious jeopardy from any industrial operations to date and is hardly likely to be in the future. I would have told them we can't afford to build an outhouse and the mine was barely profitable. Then they would not demand so much. You don't see them demanding half the profits of their homegrown mexican silver mining operations do you? And all of them are bankrupt too for different reasons. But from another view, that is exactly how they drove Petromex into the ground. Put all their relatives on the payroll until the richest oil fields in the Americas made no money whatsoever. Wherever you have socialist rabble you will see the same thing. They vote themselves dollars until the banks fail and the economy collapses. The Ejidos are clever. They wait until the mine is built and you cannot back out before stealing it. It is about the same as Edward Teach on the high seas. No different morality. You have to find jurisdictions and scales of enterprise that won't create that hassle. There are damn few and you have to choose your strategy carefully. Make it too rich and they try to steal too much too soon. Been thair and done that. EC:<-}