Chile will make a ruling before the November elections preventing any actions Bachelet may try to make as Barrick attempts to have her reelected with their money and diminishing influence.
The Chilean people most affected do not want any part of Barrick on the mountain and we will mine the ore in a much slower methodical fassion using gravity crushers as well as picks and Llamas!
Mstacker or whatever how much is Barrick willing to spend to have Bachelet reelected?
This crime drama soap-opera will soon be ending with the last episode gauranteed to be a doozy!! Place your bets and get your popcorn and champange ready. Others your prep-h and tylenol, enjoy.
Cancellation of the Pascua Lama Protocol will be the final blow to bring down this unscrupulous goliath with a tsunami of lawsuits to follow. With such actions this behemoth of corruption will never ever rise again!!
The Chilean Gov't will make plenty with Lopehandia/Mountainstar Gold the rightful owners minus the bribery money that Barrick is used to throwing around, plus they will mine in a safe fashion and not pollute the enviroment, especially on purpose. Production won't be as high as Barrick but atleast it will be clean and honest. That's worth a heck of alot more!!
Due to the criminal activity by Barrick for including properties they never owned and Barrick being aware of including properties that have been subject to a chile court order 2001 injunction, Barrick will face many crimes for again breaking the law in Chile. The fact ABX has also included fraudulently the same injunctioned Pascua Lama titles into Barricks Pascua Lama SEC 6K and OSC 43-101 regulatory filings will cause further criminal problems in North America. Barrick is also facing 8 class actions lawsuits with Pascua Lama for securities violations, one would agree the legal problems and liability will be abundant for ABX, Bankruptcy is a major issue for ABX as well.
For Barricks part in fraudulently using and misrepresenting titles that belong to Mr Jorge Lopehandia, I expect Barrick will need to deal with the liability to Mr Lopehandia and his partner MSX. MSX has sent Barrick a cease and desist letter outlining Barricks misrepresentation of Mountainstar Gold's position. Barrick's December 2011 news release about MSX misrepresented the facts to investors as both MSX and Mr Lopehandia do have an interest in the Tesoro 1 1/30 to Tesoro 12 1/5 concession. Mr Lopehandia is registered as property owner of the Tesoro concessions.
It clear Barrick faces more then the loss of the Pascua Lama Protocol, as ABX doesn't own the titles to the deposit of Pascua Lama as proven by 3rd party expert technical reports from mining enforcement engineers recognized as experts by SERNAGEOMIN and Chile's Court of Appeals. Investor confidence in Barrick will reach very low levels when it be realized mtstack2000 prediction Barrick lost 2 million ounces of gold becomes clear Barrick hid from investors a lot more, just as Barrick hid the true facts about Pascua Lama's environmental works creating class actions.
Will ABX get kicked out of Chile for Barricks repeated criminal and illegal activity? Bachelet helped fast track the project for ABX illegally, she is running to help ABX.
Since you asked.... Michelle Bachelet is favored to win the November election for President of Chile by a large margin. She is in a splendid position without any help from Barrick. She is very popular.
According to Reuters, "Around 44 percent of Chileans are rooting for former center-left President Michelle Bachelet to make a comeback in this year's election against a weakened right-wing candidate, a poll showed on Thursday. Only 12 percent of those polled favor Evelyn Matthei, a fiery former labor minister, the fractured right's front-runner. A fifth of those polled said they did not know or declined to say who they would like to win November's election, according to pollster CEP. Four percent are keen on Franco Parisi, an independent economist who appeals to some more centrist Chileans, and another four percent on Marco Enriquez-Ominami, a left-leaning politician."
Second, the Protocol is unnecessary until ore starts moving between Chile and Argentina. It will be at least 2 years until the water diversion construction and the pre-stripping on the Chilean side of Pascua Lama are complete. There is plenty of time to amend the Protocol, IF necessary, before production starts. As indicated in the article you posted the other day, "But we must speak in the conditional because none of this is proven."
Third, in the best possible world for JL (I don't include MSX because, IMO, they will never exercise the option to buy 50% of the Amarillo claims), the Amarillo claims will be excised from the protocol and JL can mine them with his "picks and llamas". He will get a settlement of $150,000 american, which will be offset completely against his unpaid fine for his 2003 Canadian internet libel conviction against Barrick. And Barrick will mine Pascua Lama under an amended protocol given that none of the PL mine is on the disputed Amarillo claims. Under the worst possible outcome for JL, all his lawsuits will be found without merit and he walks away with nothing.
Mtstack the poster asked about Barrick creditability once the Pascua Lama Protocol is deemed illegal. I should remind others that Mtstack2000 originally said Mr Lopehandia has nothing at Pascua Lama, now we are talking about Mr Lophandia owning titles to Pascua Lama and ABX facing class actions and another "delay" (LOL) and criminal charges and the extinguishing of the Pascua Lama Protocol. Seems Mtstack was wrong about mr Lopehandia and his legal rights to his titles for Pascua. Research mtstacks history and you will find a rampant defence for ABX that has failed as time went on. No we are talking about the real possibility of Barrick being kicked out of Chile for all the illegal ABX actions, any ABX political bribes the public should be aware of LOL?