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Strategies & Market Trends : Beat The Street With SI Traders -- Ignore unavailable to you. Want to Upgrade?

To: Rocket Red who wrote (12093)	9/16/2009 7:40:38 PM
From: marcos	Read Replies (1) \| Respond to of 233950

dmm.to - big numbers are not out of place but it'll be a while getting there ... Ecuador is never in our lifetimes going to be regarded with the same risk as Quebec or Coahuila, and the windfall tax issue will continue to overhang until it is resolved ... meantime it would not be good publicity to move the stock any radical amount following the mining agreement, could be seen as giving instant profit to foreigners, which is always regarded evil practice in some quarters there ... of course all the stock will be doing first is to retrace to where it was pre-moratorium, there is that stockcharts.com - moratorium april '08 They will have to prove themselves operationally ... so far had to replace at least one expat manager i understand, and don't have local workforce trained to any degree, some of the ground is difficult, requires special techniques ... it will take time, which is fine, i have full confidence they'll do it well, just look at what they've accomplished so far, in good time and at surprisingly low cost First gold pour and mining agreement coming right up - those will change market mood, holders who insist on cleaning out stock before those events will be out of paper, should be onwards and upwards ... i'd rather not see any dollar or dollar-plus days, four days out of seven putting on two bits at a time would be fine though -g- ... all in all, i don't think it will be ripe as a hold for months yet, some of it for years probably, keeper material unless the politics look like they're going ... um, south -g-