Without the Revolutionary war there wouldn't be any USA to bring fresh water to anyone. Without the Civil War they wouldn't of been any foundational block of life for slaves/blacks. Without the war on terrorism instead of getting vaccinated against harmful diseases you be breathing in spores of the anthrax bacteria
WOW!!..a few big EGOS on this board...Relbo...keeping laughing!!.... "Everything is riding on December or else the dreaded reverse split announcement is coming"...that's you just a few ago...you were wrong,,,do you understand that?..I explained it to you...Mux followed my explanation with a confirmation just yesterday...let it go...you were wrong...happy thanksgiving..have a good turkey.
Back in April 2012 Cristina Fernandez seized control of YPF and sent miners with exposure to Argentina into a dive...MUX declined 37 percent...GG..15 percent...PAAS..20 percent...as compared to XUI which declined 10 percent....its reasonable to say if Macri lifts those same capital controls between now and June 2016..that in itself will get us over 1.00 with ease. I'm sure Mux will follow Argentina develops and alter that meeting in June 2016 as they deem it necessary . Rob just said he "expects" the annual meeting to be June 16th..he left the door open
Relbo, in a world of speculations, conjecture, ever changing cash flow, NPV, some guess work...I better surround myself with as much "FACTS" as possible, I would suggest you do the same.
Short term I'm looking at the peso relative to the dollar. The peso has been artificially propped up leading into the elections. That trend should reverse and will be the first thing positive(for mining business) that will occur post elections..San Jose will benefit..hopefully by end of Q1...
If you remember correctly when Cristina imposed forced reciprocate measures on export revenues, Rob came out and cautioned investors that.. "measures taken by Argentina in recent months to control capital flight could end up threatening its cash flow and have forced it to re-think how to fund ambitious growth plans, including the development of the El Gallo project in Mexico"...That caused the SP to drop significantly ...Well, when Macri decides to do the opposite and lift those capital controls(hopefully real soon) that will change how we do things and our business model will be back in line and in order...so together with increase cash flow caused the peso devaluation the hopes are we will see a increased SP and the reverse split scenario won't materialize.
Jbend...sorry I couldn't explain earlier...no time...I will find out more later but reverse splits has to be voted in during the companies annual shareholder meetings. In 2015 the meeting was held in May...mux can hold the meeting anytime in 2016..so they can choose December in 2016 if they wish too...nyse can not delist mux until the reverse split vote is taken...in mean time if we go above 1 dollar between now andthen we wont need to do a reverse split
"Mauricio Macri, promises to begin lifting capital controls on his first day in office and to allow the peso to float freely."
First day in office!..that would change the mood very quickly.
Copper not looking too good. Like everyone else my realm of thought was that Los Azules would be sold off soon, but not anymore. At these prices producers are looking at dubious assumptions and are much more cautious, undertaken cut backs with there own projects. Way to risky to add at this point. While improved business conditions in Argentina is a requirement , copper prices are critical and takes the forefront. Rob cant sell something with no leverage. I wouldn't be surprised seeing a impairment being triggered at the end year evaluations/financials. I would wait till copper prices start rising again and reevaluate precedent transactions before even thinking selling Los Azules. With copper prices being very volatile my thoughts can change very quickly.
Kayram. I don't see the problem with it. Especially with topics that have far reaching implications for everyone. It may even effect gold price, if not today..tomorrow. When I turn on the news in paris, the way Syria is covered is different from the way it is covered in Washington or london. Even in Western society, where we hold all the values of democracy and freedom of speech, as soon as you point a camera in a particular direction, there is an angle, then people view things in a entirely different way. This topic is far more important then discussing Newt Gingrich on the Barrick Board or wasting our time guessing golds direction on a minute by minute basis. If you still don't like the idea then you have the freedom to just not read any OT topics. BTW, I OT once in a blue moon because I feel its important to do so..So don't get bent out of shape.
If that's the case and Bush created ISIS then why remove the military forces and weaken our position against ISIS and allowed them to strengthen This scenario makes the removal of the forces blunder much bigger then first thought.
They were granted extension by NASDAQ in August(.49cents at the time). After looking at there key statistics and position, im feeling little more optimistic that Mux will be getting another 6 months.
I figured my Katrina segway trap that someone like you would actually discuss a act of god event in relation to George Bush..and I'm not a bit surprised it was you....wow!!. You couldn't find anything more relevant to bring up? Are you oblivious to whats going on around you or do choose to ignore them? seriously