Rio Alto Mining Limited RIOAF

volatility ahead for rio

[alank1]

there's a lot of volatility coming on for rio, the presidential election is on sunday and its going to be very tie result if keiko fujimori wins the election i think this stcok can win at between 20% to 30% in two days, but if the left party of humala wins this stock will be very cheap and maybe i will buy it for c$1.20, when lula won the election first time in brasil the bovespa retreat 32%, if humala wins the peruvian index will retreat more than that and this will drag rio stock, look buenaventura stock today 6% off and its biggest gold producer in peru, think what will happen to rio?

[fleeinggrandich]

Good luck with $1.20. I doubt this can fall below $1.70. I'll be adding at $2, and if I can get a chance to buy more for $1.70 I'll be selling everything else.

[alank1]

remenber that one of the main ideas of the left wing candidate its to take out the mines from the private owners or be co-owners so if the state have the 50% stake in this company or more whats your new price target, like i said if humala wins the election theres a big way down for this stock, the political scenario its too risky for investor to put the money in 1.70 this share if humala wins

[sysaphus]

No way anyone can tell what will happen Sunday so you've gotta just put your money where your beliefs are. Personally I believe Fujimori will win so I bought more yesterday cause I think if she wins it was cheap. If I'm wrong my timeline is long term [rrsp] and I think any drop will be temporary so IMO not much to lose either way. I think the perception of Humala is worse than the reality.

[alank1]

if humala wins in one year their won't be any congress ability to change anithing because he is going to close it and make the reforms to have a new one, look the venezuelan example, here its the same, so like i said if humala wins rio will fall hard to 1.2, i hope for the good of the peruvian people and all the investors that keiko will win on sunday

[safi61]

"...the left wing candidate its to take out the mines from the private owners or be co-owners so if the state have the 50% stake in this company or more whats your new price target"Alank, you seem to know little about democracy. If Humala would  win this election (and that's a big IF) he will need majority in Congress to implement his leftists plan, but he only controls 25%

[safi61]

"if humala wins in one year their won't be any congress ability to change anithing because he is going to close it "Wrong again alank, Peru dosn't have the unlimited oil resources Chavez had (and still has) in Venezuela. Besides mining is 60% of Peru's exports, and 100% is privatelly owned and run, so changing that model would take over a decade under a dictatorship, and that

[fleeinggrandich]

Alank you're a clueless twit who's been here a week. You spout off worthless opinion to make yourself feel important.Here's your first ignore. You'll get a lot more of them unless you grow a clue.

[alank1]

i see most of you if not all, never been in peru or know anything about peru, yes humala need 2/3 of the congress for make strong changes, but their are 2 more possibilities a referendum that he will win because of the model of elections that peru have and the other possibility its to take the army and do it (all the generals in the army are the same prom of humala in the army school) because he

[alank1]

it seem that you don't know anything about peru or latin america, in latin america sometimes when the congress don't let the president make the reforms, makes a referewndum and change the constitution or close the congress, look i.e. ecuador 2 weeks ago the president change some crucial points via a referendum.

[peruchocanuck]

Good try Alan, I would love to add more at 1.20, but don't see the price going down that much even if Humala wins....From your comment "..maybe i will buy it for c$1.20" I assume you dont hold any RIO at the moment, sorry pal a little too late, but if I was a first timer on this stock I would load even at current prices....

[alank1]

i sell all my rio stock a few days ago, if keiko wins i will buy again if not i will wait until the stock reach the $1.20.

[sysaphus]

Put me in the ignore group too.