He only mentions 5000 gold or being in the sp500 when he is asked. I much prefer him sticking with the companies goals and aspiration. Nothing wrong with it.
It feels like a dentist preparing a root canal by shooting anesthesia into surrounding areas before starting the drilling. The result will be the anticipation and numbing will have caused more pain and be more impactful then the actual event.
seriously hats off to Janet Yellen, a Picasso type master piece! keeping a lid on the bubbles ( ex.equity market, housing) and same time avoiding them crashing...
Hows it going Robey, glad to see your still around. Being the election year I be careful what your reading out of Argentina but to turn the economy around the present economic policies will have to change and much like the default in 2001 they will have NO OTHER ALNTERNATIVE but to start attracting business coming into the country again.
memory lane, it was the debt(s) repayment deal between Minera and Hoch that caused the stock to sky rocket!..cash flow was unlocked.
Having kirshnerism and the elections come to a end will be just the beginning. For certain the peso will be devalued more properly, est are its over 60 percent overvalued in the exchange rate. Even with Cristina in office we have seen positive changes in the export business already taken place..chevron deal, ypf, etc. The stock market is going bananas , investors are buying the countries debt. This was the ticket even when her own bed partner Nestor, (beyond a proxy) was in office..mining business blossomed during his tenure. Cristina made major political errors on how to solve the countries debt problems...taken over pension funds, ypf, installing dividend flight controls. Her policies has obviously have failed and everyone is looking for a change. The original model was to have a bootstrap operation in which San Jose would help fund other operations ..ex el gallo..if we get that back in focus SP should jump more then just modestly..
As we anticipated (see Bi-Monthly Mining Report of July 10), Buenos Aires Governor Daniel Scioli vocalized his strong support for “sustainable mining” at a seminar in San Juan Province on Friday July 17. In fact, at the event, Scioli went even further than expected in emphasizing the industry's economic benefits and statements regarding his plans if elected.
To begin with, Scioli highlighted the importance of mining to Argentina’s economy, both at present and in the future. Alongside his vice presidential running mate, Legal and Technical Secretary Zannini, Scioli said “mining has the capacity to generate USD 30 billion in the next four years and hundreds of jobs”. Similar to previous statements, he argued that sustainable mining is part of the national development agenda and “a cornerstone, like energy sovereignty, agribusiness, science, technology and tourism”. He argued that if elected, his administration would aim to strengthen the industry’s productivity and competitiveness. In doing so, Scioli emphasized that his government would seek to replicate the experience in San Juan, where Governor José Luis Gioja has managed to successfully balance the interests of various stakeholders, including companies, workers, local communities, indigenous populations and environmental groups.
In addition, the presidential front-runner made two important points about how his administration would help drive the industry's growth. Firstly, Scioli stated that he would not simply wait for foreign investors to take an interest in Argentina's mining industry. Instead, he would “go out to the world” to attract the necessary investments. He argued that he wished to make it clear to employers and future investors that “they will find in Argentina a land of opportunity”. Secondly, Scioli underlined the importance of a federal approach to mining, arguing that he would support and strengthen the “productive federalism" of the provinces. This latter point was later echoed by one of the Argen
For me personally its a inflection point where I need to make some major decisions fairly quickly.
Dixon, the shorts have been holding on with gold price being fairly stagnant the last couple of years im just wondering why u feel they will start covering now with gold back into a downward trend again. Also mux being on the big board its much easier to cover. I think they are in the driver seat and in good position to wait a little longer. Just wondering why feel this way.
itsa forecast maybe true, one never knows. Most important we have 2 producing mines, 2 others pending, cost reduction across the board, a large copper deposit in Argentina , no debt, made a profit last quarter and 33 million in the treasury by years end, and Rob running the company ...all for .75 cents. Its Minera Andes all over again for much different reasons..
jazensnide is a self-proclaimed expert mining troll organ grinder, and his lackey, johnnywilks, is his monkey with the tin cup.
Sorry guys but that was funny!
its a little bizarre but I really don't mind it.