Argentina PM Mining
in response to
by
posted on
Apr 19, 2008 10:48AM
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qantwar,
More and more I regret less and less that I didn't buy the Exeter Resources (XRA) that has some property in Argentina. I also thought about buying Minera Andes, but will not.
Some of my reasons are that taxes were recently raised on mining companies in Argentina.
Also, there's a general sense here that the government is greedy, can't be trusted and is unpredictable. (Sound familiar?)
Within the last 6 weeks there have been nation-wide protests resulting in road blockades, some violence and food shortages. And the contaversies that caused this unrest have not been resolved, only delayed.
Nevertheless, their wine is dirt cheap and fabulous. Their BBQ is the best. And their taxis are cheap and everywhere.
Sound good? Maybe I should rethink investing in Minera and Exeter.
Baires