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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?


To: benwood who wrote (229661)11/20/2009 3:18:02 PM
From: Skeeter BugRespond to of 306849
 
sounds to me like they may sue NGD for clean up - estimated at up to $300 million. i'd say the risk is much higher than the reward relative to a more stable gold leveraged vehicle.

hey, i did say that when i sold all my shares. ;-)

you can't believe a word this company's spokes holes spout. don't ever forget that.



To: benwood who wrote (229661)11/20/2009 4:17:31 PM
From: patron_anejo_por_favorRead Replies (2) | Respond to of 306849
 
Well, the article's pretty slanted. There's been no cyanide leaking into the aquifer's, that's explicitly addressed in ISO 140001. And the part about tourism replacing the mining industry is laughable to the extreme....as is the "$300 million dollar clean-up" bill.

The market's already marked CSP to zero. I suspect that NAFTA may rule differently than the Mexican courts on this. There was a long effort by the Mexican government to get Metallica to invest there, and Vincente Fox personally endorsed their plans. There's alot more to the history of this than the recent admin court decisions (and Green Party press releases) suggest.

But there are always alternatives to any investment.



To: benwood who wrote (229661)11/20/2009 5:37:20 PM
From: marcherRead Replies (1) | Respond to of 306849
 
i'm thinking we gots big--as in international--privatization blowback. the young 'best and brightest' are yelling us so. checkout the ucla protest statement--not the chants.



To: benwood who wrote (229661)11/20/2009 8:06:48 PM
From: X Y ZebraRead Replies (1) | Respond to of 306849
 
I remember somebody -- gregor or gregor.us? -- saying a year ago that they thought that the world would eventually turn against gold miners since the environment is frequently destroyed for something that isn't actually used. That is, a point would be reached in cultures where the environment would be valued higher than the taxes and fees levied on the miners (esp. the open pitters and the leachers).

hmm... and in mexico they value the environment more than... what ? money ? to save the people ?

that is a --> roflmao...

because if they truly did, mexico city would not be the pollution soup that it is... i mean, after all... there is better than 20 million people in the soup... so they worried about a stinking mining town ? ha !

this HAS to be about something else... not the environment... [ah yes, the environment IS the excuse]