Aurelian Resources Was Stolen By Kinross and Management But Will Not Be Forgotten

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Message: Interesting view from a posting exchange

Interesting view from a posting exchange

posted on Dec 19, 2007 05:57PM

I raised the issue of the 70% windfall tax over at the SH CGP BB and this gentleman replied with a very interesting view. Thought I should share it over here:

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nijinsky70.

The 70% windfall tax on mining is news to me , but then again i've had my head elsewhere these days. As I was reading your post it occurred to me that Casey,s IS letter a while back made what I thought was a strange call out of the blue. Buy ARU at $4.00 sh or less, but the stock was trading in the $6.50 range at the time. Very strange indeed. I see the stock has virtually zero shorts on record which doesn't mean that there aren't a few brave souls about to do it. The recent sell off in the stock is not due to tax loss selling, but most likely profit taking ahead of the not so positive news. I think all the foreign mining interests in Ecuador should form a council of some kind and submit their concerns and needs in one voice to the Government and have the guts to back it up. Everything I have read coming from Correa and the latest resource czar is in my opinion garbage, meant more to impress
the domestic peons. If I rent your House it is not my duty to put it in order, but to pay whatever rent agreed upon and not to damage the premises, period. Someone needs to express the view in Ecuador that this is not a charity drive, it's business, earning a living, making a profit, from which many will derive benefits downstream. Fat chance though, it's all politics and smoke & mirrors, like a bad western.

Cheers, Willard2.

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