Cornerstone Capital Resources Inc V.CGP

RE: 70% windfall tax proposed in Ecuador

[nijinsky70]

Willard2 & Presaply: Thanks for your response and sharing your insight on the situation in Ecuador. Much appreciated. I guess the lesson learnt from here is that if you invest in political backwaters like Ecuador they do not go by North American rules and values. So proceed with due caution. Personally I will hold both ARU and CGP until this new mining law plays out, hopefully favourably. Regardless I will be out of ARU thereafter, even if at a hefty loss. CGP is a little difficult to call, since I have it in my RRSP account, I might have to hold on a little longer as there is no tax loss benefit I can use. Just have to pray for the best here.