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Message: More From Ecuador

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nijinsky70

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Re: More From Ecuador

in response to More From Ecuador by langosta

posted on Jul 01, 09 05:12PM

Well, the more they spin things in Ecuador the more they stay the same - i.e., all talk and no action.

That's why I finally sold everything - all my Kinross shares and warrants from the ARU deal - and bought something more main stream this time - Manulife. At least MFC pays you 5% a year to sit and wait for them to get their act together.

In hindsight Ecuador is such a lost clause. I think MFC is more likely to hit $40 sooner than K shares at this juncture. In fact the entire gold market of late is nothing but spining its wheels. Kinross for example seems to be bouncing between $19+ to $22+ for so long I just have to get out and move on.

Anyway, good luck to all the former ARU comrades who still hang onto their K and K.WT.C.

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