OTCPK:CTNXF - Post by User
Comment by
nijinsky70on Oct 31, 2008 9:15am
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Post# 15557946
RE: RE: RE: RE: RE: Anything on the horizon that c
RE: RE: RE: RE: RE: Anything on the horizon that cWell, I hope you are right my friend.
However, as a former ARU investor (now Kinross), I have followed, lived and died by the antics of the Correa government for over two years. They have not done a single right thing towards building a mining industry in Ecuador. All they have accomplished was create more clouds and doubts.
Like not so long ago the 70% windfall tax was supposedly dead and reported publicly by the deputy mining minster, only to have that retracted (also publicly) later on. I would not take anything from that government at all unless they actually ACTED on it. Their words are meaningless. Yes, that would include those from Raphael Correa himself.
I have two plus years of torment from them already and a loss of about 50% of what I invested in ARU to pay for this lesson. Actually the 50% loss was not that bad, my CGP investment is only worth 6% of what I invested in this company (94% loss). That's why I commented "why sell CGP, there is nothing left to salvage".
Can you spell tax write-off?