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Message: Argentina...

How does this make our company more valuable?

Nationalization of resources and policies like those of President Fernandez de Kirchner are a growing trend in South American countries.

"These types of controls only discourage investment and thus hurt exports," said Juan Pablo Fuentes, a Latin America economist at Moody's Analytics Inc. in West Chester, Pennsylvania. "The oil sector is already hampered by controls and regulations. This will only add to those problems."

Read more: http://www.vancouversun.com/business/Argentina+orders+mining+exporters+repatriate+funds/5611276/story.html#ixzz1bwiSPrhJ

While this is not Peru and you think somehow it would make Peru a more attractive place for foreign investment, that is not necessarily true. President Humala of Peru could very well face internal pressure to fall in line with many of his neighbours and exact similar legislation. It is a sign of increased risk in South American economies to foreign investors.

Hardly good news for us. IMHO

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