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Message: Either the market is on extended lunchbreak or....?

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Shake out again

posted on Apr 17, 08 01:26PM

I would really not worry too much everyone about what is going on in Ecuador and Aurelian...........This is the same shakeout that has been played over and over again with the media and certain journalists creating fear.

Aurelian has a "special" fast-track approval with the Ecuadorian government and I would be highly surprised if they were affected by all this recent turmoil...........as well as with numerous previous conversations with Guy he said that Escondoro and PLE concessions are in good standing with the Ecuadorian government and the attention of the government is focusing on claims of companies that have not been paying the required fees to keep them in good standing or that have not been actively exploring on the properties.......as far as I know, these should not affect Escondoro and PLE.........perhaps we should clarify with management at PLE to be sure.................I suppose alot will be learned tomorrow with the national assembly of Ecuador voting tomorrow..........and alas PLE has their own little vote with the community any day now.........important times indeed...........can anyone say volatility..............I take this over Bear Stearns.

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