Mining law by end of May, back to work by end of Aug, lists of employees to see who can stay on, govt. scrambling to find alternate employment, hints that concessions aren't lost, etc. etc.
Looks like a lot of damage control is going on. Of course it could all have been avoided, so you're still left wondering what the point was.
How much actual damage was done is not only reflected in share prices but also in the actions taken subsequent to the mandate. Captive investment has little choice but to stay, so you'd have to look to the early stage explorers for some hint of what comes next. Do they tough it out, or just move on? I notice CGP just acquired another uranium property in NB, so does that mean they're shifting to plan-B? What are other juniors doing that don't have a lot of $$'s in the ground yet?
I don't have enough knowledge to say one way or another if this is the end of exploration in Ecuador, but it seems like that could be the case. Pretty hard to take these guys seriously after everything that's happened. Not something I'd risk money on if I didn't have to, but then mining's a hard-ball game, so maybe I'm reading this wrong?
Opinions?
ebear