RE:RE:RE:RE:Question to the active investors in this region?
Hello Sr. Larry, Oldtimer, Sailor8, and Silverwhere;
Your inputs are informative and well said with the quality humor. I agree with Silverwhere in how a number can be so small in terms of shares purchased from one group. It was not this low volume when I entered so I probably was not noticing the small purchases.
I was extremely positive on Colombia as I was entering this company and a couple of years. I am probably like most investors wanting to see if this government will respect private business and lead with sustainability, transparency, and respect of private land. I know they had a mediocre auction for the oil and gas leases and investing in a country that has had terrorism on the oil and the illegal mining proliferaton is a concern. Also, Santos was received with warm but tentative interest at the Goldman Sachs conference in Miami. There is a wait and see approach if he looks to coopeatively build or will he redistribute land. Argentina could be the model for this country.
The concern here is do they align themselves with Sr. Bautista who has lost more money for investors than almost anyone in history. I understand his claims that he lost money but if Colombia picks winners like Batista then they will be choosing less transparent companies. I don't know AUX management but with publicly traded companies there is a greater opportunity for transparency. It would seem that a company with a sustainable plan as you put forward Sr. Larry and Old timer, they would be a rational or logical choice. I have realized these may not be important considerations in this current government.
It is odd that when I read the articles they always mention Leyhat and Eco Oro but never AUX or the other companies in the region. I do worry that Colombia will become more like Russia if they selectively choose winners.
https://www.vanguardia.com/actualidad/politica/271667-el-paramo-de-santurban-ira-a-control-politico-en-el-congreso
My current country of the United States has not done a good job but their arbitration process is excellent and the "pari passu" gives investors confidence they can be treated fairly. See the Argentina debt negotiaitons as a good example of having your agreements to be arbitrated in US Courts. I am not sure where this will go to arbitration/litigation and I am sure they current management has a good plan.
It is never too late to do the right thing (I heard this from an investor). I hope all parties recognize that prosperity is through transparency and sustainability.
Vamos Colombia!