Belovay on BNN re manipulationBill Belovay of Jones Heward Investment was on last night’s Market Call Tonight. He touches on the manipulation facing Ecuadorian mining plays, specifically ARU. Here is the link
https://broadband.bnn.ca/bnn/?id=2122&vid=22262
At 6:18 into the show, a viewer emailed in about Iamgold, who has an Ecuadorian property. Howard Green asks Bill why the stock is not performing better. Here is the conversation:
(7:34)
Bill: “They’ve got a project in Ecuador and that project is surrounded with political issues, um, you know, because the market wants(heavily emphasized) to make political issues of Ecuador because they want to drive the prices of certain companies down such as Aurelian”
Howard: “Political meaning , uh, another Venezuela?”
Bill: “Yeah, but uh, it’s certainly not going to be another Venezuela, that’s for sure”
Belovay’s credentials stand on their own. Anyone who buys into the political nonsense pumped on these Bullboards and by corrupt media outlets needs to really give their collective heads a shake. Then again, plenty of people have also believed parties selling bridges, swamp land and Nortel at over $100.
Correa’s mandate is to get these properties up and running as soon as possible, nothing less. How anyone can perceive this as a negative is beyond me. A bit of DD on the political situation down there will make investors a fortune.
Best of luck to all,
Permaflation