Good advice: Think, think again, and if you come to a logical solution, write. Just spent two month in Lima, and mining business in Peru was, is and will even become bigger. Now if you refer to yesterday's KRY news, well Venezuela and Chavez can not be compared to any other nation in S America. I would not invest in KRY or HL, would love to but won't. Also SVM.V, BCM.V, and FMM.V any many others which announced great news share the same problem. Canaccord get's shares, plays with stock,drive weak hands out, buys really cheap and sells really high. Could not care less, value 76 mill. USD value in a week weeks or month maybe 760 Mill.? Well in any case not less worth than 76. Follow your instinct, if you don't have the instinct, buy physical gold. Finally, SLW is great, BCM may become bigger soon. Depends on their portfolio of properties, and once again they have been picked by David Lowell. Check his history and will understand or not. Also amazing, Mcleod Seltzer is the chairman, Canaccord is busy keeping the price down, AU mentions BCM as their partner, SLW pays 3.25 and you are naive enough to believe your post. Good luck.
Sorry, but the second link you gave came out as ...
"We're sorry...this story is not available."
So, I am unable to comment ...
As for the drop in the price of BCM, it is an early stage exploration company and, as such, the price is mostly "event driven" ... when there is a good press release, the price goes up, then it drifts lower till the next press release ... it's just the nature of the beast we lovingly call the stock market ...
If there is some news about difficulties in Peru, I'm sure the board here would like to know and if you can find that article, it would certainly be of interest to all posters ...
AREQUIPA, Peru, Sept 13 (Reuters) - South Africa's AngloGold Ashanti Ltd (ANGJ.J: Quote, Profile, Research) , the world's second biggest gold producer, said on Tuesday it was ending exploration efforts in Peru because it had failed to find suitable gold deposits.
"We are looking for a gold deposit of more than 2 million ounces and the reason we are withdrawing is exclusively because of a lack of big finds," the head of AngloGold's Peruvian unit, Alejandro Eguren, told Reuters by telephone from Lima during a mining conference in the southern Peruvian city of Arequipa.
But the company still has 74,131 acres (30,000 hectares) of concessions in Peru as well as joint ventures and has left the door open to a possible return if a big discovery were made.
"We've been exploring in Peru since 1999 and we are significantly scaling back our exploration activities. However, we will maintain our existing joint venture relationships that we have in Peru," Richard Duffy, an AngloGold executive responsible for business development and exploration told Reuters in Johannesburg.
"It's not a complete exit, it is scaling back exploration, maintaining existing joint ventures and an opportunity post," he added.
AngloGold said last month it had agreed to sell the La Rescatada gold project in Peru's southern gold belt to Peruvian miner Aruntani SAC Corp. for $12.5 million, though it retained an option to buy back 60 percent if reserves -- to be identified in the next three years -- prove to be more than 2 million ounces.
Eguren said AngloGold had also sold rights on three other small projects to other companies -- again leaving the door open to a possible return.
"We have deals with Canada's Bear Creek Mining Corp. (BCM.V: Quote, Profile, Research) and subsidiaries of Australia's Westmag (WMG.AU: Quote, Profile, Research) and Canada's Absolut Resources (ABS.V: Quote, Profile, Research) , which are working at their cost and risk. But, if they find something important, we have a right to enter into a new company with 60 percent control," Eguren said.
Eguren said AngloGold was now evaluating where to concentrate its efforts in Latin America. The company has interests in Argentina and Brazil.
Peru is the world's sixth biggest gold producing nation and home to Latin America's top gold mine, Yanacocha (NEM.N: Quote, Profile, Research) (BUEv.LM: Quote, Profile, Research) (BVN.N: Quote, Profile, Research) .