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

The company whose shareholders were better than its management

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Message: My thoughts

My thoughts

posted on Dec 20, 2007 10:12AM

Not as bad as it could have been but I think we now have more questions than answers.

I do feel like I have been lied to though.
This is nothing like the taxes in other countries like Peru.

I hope you are right Safe and they are just doing this for political appearances.

It is now up to the individual company negotiations so it depends on how hard a line the government takes. At least we know why the individual negotiations are necessary. That was puzzling to me if they were to have a flat 3-5% tax.

The other point I would make is that if they tie the windfall rate to the official US inflation rate that it will eventually be eroded lower. The US has been hedonically adjusting their inflation rate lower than the real rate for years and will continue to do so.

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