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Gold/Mining/Energy : GDXJ - Market Vectors Junior Gold Miners Index -- Ignore unavailable to you. Want to Upgrade?

To: loantech who wrote (90)	11/13/2009 11:56:49 AM
From: carranza2	Read Replies (1) \| Respond to of 196

Although I have not spent any appreciable time in Mexico lately, I think I can say with some confidence because of my family's multi-generational experience there that whenever problems crop up of the nature NGD faces, a solution that will satisfy the foreign entity is unlikely. This is an open pit mine which is changing the shape of a historically significant mountain, one that appears in the State seal of the State in which the mine is located. Significant symbols are therefore involved. I am surprised NGD got the permits it has in the first place. Before it is all said and done, there will be comparisons to illegal aliens defacing Mt. Rushmore in a search for gold. Not good. It was not something the company was particularly transparent about, so I am disappointed, especially since it has stated that its operations are designed to be in politically reliable places. My research didn't reveal the problem, though this may be a function of shoddy research. I cannot imagine that management was unaware. Here come the lawsuits. Probably well deserved. It is going to hurt. The question now, though, is whether to sell. The company otherwise appears OK.