Re: Would YOU invest in Ecuador again?
in response to
by
posted on
May 29, 2008 07:48AM
The company whose shareholders were better than its management
Permaflation,
Aye, spoken like a true battle-hardened mate with long duty on the Aurelian.....
I didn't quite know what I was getting into with South American politics when I first invested in ARU...At the time, I didn't even know too much about mining either, but I had a feeling that the drill results that had just been announced ( the first bonanza results from FDN) were something special in the mining world, so I jumped on board...
I have kept accumulating when possible on what have been dips, and then we had the 4 for 1 split....all those Alonso Soto induced panics...and now the Mining Mandate!
The "storms" have just kept materializing from over the horizon, just as we get ready for a glimpse of the treasure! Damn, but it does make a mate determined to see this to the End! The gold is there, the government can't mine it by itself...Correa better come up with some revenues pronto! Or Hasta La Vista Amigo!
I have like you invested in other Ecuadorian mining companies, and I am hoping that the new laws will make those plays shine also...but those companies have different mines in other parts of the world to offset the risks in Ecuador...Aurelian lives and dies by what happens in Ecuador right NOW....
Would I invest in Ecuador again? For a Chance to be involved in a company that has the largest discover in decades, that has one of the best management teams in Mining, and with precious metals soaring in a bull market in metals?
YES, but I wouldn't have bet as much this next time....
Best Regards to the Crew,
Long for Cash