Those here who have been in Aurelian for a while know that I have been an investor here for a long time (I originally bought my shares at 53-cents pre split) and have since added and reduced around a core position.

As I have stated before I do not plan on selling at this price as I think this tax is already priced in.

Aurelian is a great company with great management and a huge resource that will probably get much larger.

At current I see only one negative for Aurelian and that is this tax.

The new tax law may in fact just be an opening negotiating position for the Ecuadorian government (Similar to the 99% windfall tax for the oil companies now scaled back to 70%).

The individual negotiations may lead to more fair agreements I am however very disappointed at the current delay in clarification and think that the unprecedented approach taken by the Ecuadorian government is unwarranted.

It is never a good idea to have an industry that you plan to be a key industry in complete confusion as to what will eventually be their operating costs.