The elephant in the room... As you guys know, I'm long on marifil, so I'm not bashing here, but no one here is talking about the huge Argentinean discount in the market right now. Everyone is frustrated and wondering how so much value can be overlooked. There have been many articles written about the government's increasingly aggressive efforts to cover up real inflation data and also now the threat (although likely overblown) of nationalization of resources. Casey Research has come out with a few articles lately to essentially say 'stay away', and this article from acting man is also pretty damaging. https://www.acting-man.com/?p=16196
I know the value is here, and we've seen very few sellers as of late, but its very clear that for more and more investors, Argentina is no longer an investment option. Since there are already few investors looking for risky exploration plays, take even 25% of those investors out of Argentinean plays and we're in a bad spot. As much as we can say that the problems are overblown and not properly understood, perception is reality in the stock market. There are many investors who have taken the advice to stay away and this will create headwinds for our share price.
I e-mailed my concerns to Hite and he explained both sides of the YPF 'fiasco' and thought that cooler heads would prevail. He claims that YPF actually provoked the government a bit to bring on their actions. He also claims that Marifil will be cushioned in many ways by their strategy to build strong relationships with the locals.
Regardless, I'm staying put here, but just thought these issues should be discussed. We're already trading at a huge discount and in my experience, investors will put money into almost any region of the world if the profits look like they'll be big enough. We definitely have elephant potential, so I don't think its by any means hopeless here. The question remains of what will be the catalyst to get the ball rolling. We're in a stalemate right now; we'd be rich if we could do some work, but can't do any work without money. We really need a copper partner to step forward, or Nova to come back into the mix to help pull us higher so we can raise some cash to activate a larger percentage of our land package.
Good luck to us all, but I'm prepared for a long wait.