Re: Goldcarp/ Seeker Debate
in response to
by
Welcome To The Kimber Resources HUB On AGORACOM
Creating value through Exploration and Development in the Sierra Madre of Mexico
Message: Goldcarp/ Seeker Debate
Bull,
With all due respect to your San Diego source, reputable sources such as the Associated Press say there is something going on in Mexico. I have copied and pasted one story from this week. Note that it happened south of Mexico City, despite many saying the problem is just drug gangs near the U.S. border. A total of more than 28,000 dead just in drug-related violence since the end of 2006 (fact cited near end of story) is a big number.
I, too, have lived through a natural disaster that garnered national attention, escaping without serious loss of life, and enduring merely the loss of my car that washed away. I was lucky, but it still was a big event for the people more deeply affected.
By the way, this isn't a light-switch, on-off situation. I think of it more as a dimmer switch, with varying degrees of effect. This background of violence in the host country can't be viewed as a positive, or even a non-factor for a mining stock. It doesn't mean the stock can't rise. It merely is another hurdle it must clear on its ascent. The Mexican situation has reached critical mass where the common perception within and beyond the borders has become one of domestic problems there That is something an investor should factor into evaluations of a stock.
Regardless, this is a recent story from a credible news organization, not some unidentified web blogger, etc.
August 23, 2010 5:54 AM
CUERNAVACA, Mexico — The decapitated bodies of four men were hung from a bridge Sunday in this central Mexican city besieged by fighting between two drug lords.
A gang led by kingpin Hector Beltran Leyva took responsibility for the killings in a message left with the bodies, the attorney general's office of Morelos state said in a statement.
The beheaded and mutilated bodies were hung by their feet early Sunday from the bridge in Cuernavaca, a popular weekend getaway for Mexico City residents.
Cuernavaca has become a battleground for control of the Beltran Leyva cartel since its leader, Arturo Beltran Leyva, was killed there in a December shootout with marines.
Mexican authorities say the cartel split between a faction led by Hector Beltran Leyva, brother of Arturo, and another led by Edgar Valdez Villarreal, a Laredo, Texas-born kingpin known as "the Barbie."
The message left with the bodies threatened: "This is what will happen to all those who support the traitor Edgar Valdez Villarreal."
Authorities said the four men had been kidnapped days earlier. The family of one of the men reported the abduction to police.
In western Mexico, police found the body of a U.S. citizen inside a car along the highway between the Pacific resorts of Acapulco and Zihuatanejo.
A report from Guerrero state police said the man was shot to death and had identification indicating he was from Georgia.
The U.S. Embassy could not be reached to confirm the man's identity.
Police said they had no suspects and had not determined a motive.
Guerrero state has been wracked by drug-gang violence, including the strife within the Beltran Leyva cartel. There have also been a series of deadly carjackings this year along highways in the state.
Mexico has seen unprecedented gang violence since President Felipe Calderon stepped up the fight against drug trafficking when he took office in December 2006, deploying thousands of troops and federal police to cartel strongholds.
Since then, more than 28,000 people have been killed in violence tied to Mexico's drug war.
Loading...
Loading...
New Message
Please
login
to post a reply