Investors,

I was wondering when they would bring this hack for hire, Soto out again.

We must be getting real close to some sort of deal for the manipulators to have Soto come up with this latest piece of drivel.

I call it the shotgun approach. Allude to every possible ARU negative scenario you can think of and put it all into one article this time instead of individually like before. Surely this will then scare some shareholders into selling hahahahaha.

The fact is that ARU while I am certain would be able to go it alone. Afterall, there are a lot of mines that are run in part or wholely by contractors and ARU would have no problem raising the capital to develope it themselves. They afterall were able to raise 90 million with no problem far before most investors had an idea of the potential of their projects.

This will likely not occure because they will be made an offer too good to turn down. Since it is a public company, the shareholders will decide if it is to be sold or not.

I like the very leading question raised on how much the innitial start up would cost. Answer it would be under 1 billion. Ya, it would be about 3/4 of a billion under that and that would be going first class all the way.

Now Acosta is going to issue a decree to slash the holdings of firms and suspend all large scale mining untill a new mining law is approved hahahahahaha. Soto makes this fool Acosta sound like a king instead of a temporarily elected official with one vote on an assembly of 130. The assembly will do Correa's bidding and since Correa is very much in favour of mining so will any laws they enact be favourable.

This statement out of Acosta shows his total ignorance and why anything he says should not be taken seriously.

"We are not going to allow monopolies in this sector," Acosta told Reuters. "A big project doesn't need more than 300 hectares to exploit a mine.

He compares an exploration company with a large land package to that of a monoply. Even if they they then became a large producer in the country they could not in any stretch of the imagination be compared to a monopoly. They do not supply anything directly to the consumer of Ecuador but instead supply to a world market competing with huge international mining companies. That hardly puts them in a monopoly situation.

His statement about a company not needing more than 300 hectares to exploit a mine is even more rediculous. 300 hectares may make a large mine if the concessions just happened to cover the ore body and that may be all you need once you found an economical ore body. However to actually find an ore body to exploit you need a land package much larger than 300 hectares. I guess Acosta plans to divide up all of Ecuadors land into 300 hectare parcels and somehow find thousands of exporation companies to come set up shop and explore them.
He would need 316 different companies just to explore ARU's holdings hahahahahahahaha.

Then of course to top it off Soto threw in the windfall tax nonsense once again.

This whole article was so full of drivel it tells me that the manipulators are really scraping the bottom of the barrel for material or we are getting very close to some big news and they are desperate.

I for one will be waiting in the morning with my bids ready once again.

Regards,

F.F.