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

To: orkrious who wrote (289992)	11/8/2010 4:33:14 PM
From: carranza2	Respond to of 306849

The main contingency for NGD at this point is Cerro San Pedro. I have sharpened my antennae, tuned into the vibeosphere, read tea leaves, threw chicken guts around, all in an effort to see if there is a hint in the Mexican media on the subject. Unfortunately the best I can do is a big "I don't know." The local company has a new head, a very sophisticated guy who was part of the NAFTA Mexican negotiating team and is otherwise obviously well-connected. A good sign. One of the main opponents, an indigenous lady, got killed in southern Mexico as she was agitating. The culprits appear to be local politicos; NGD does not appear implicated. Still, a loss for the opposition. The opponents are going to sue the Mexican attorney general in charge of environmental matters. They are very upset at him for not doing his job. And their anger is understandable: NGD has been operating without a valid environmental impact statement. The opponents feel NGD is making a mockery of the Mexican legal system. The Mexican attorney general for environmental matters seems to think that NGD can obtain another amparo, i.e., a writ allowing it to continue to operate, even if the court's decision expected late this year or early 2011 requires CSP to shut down. So, even if it is ordered to cease operations, it is quite possible that NGD will continue to operate. This is Mexico, however, and it puts Chinatown [the movie] to shame, so there are no guarantees. I'd say that the local political sentiment is quite in favor of CSP. Some very good jobs in an impoverished place are at stake. C'est tout.