TSX:SUE.WT - Post by User
Comment by
play_n_layon Jul 12, 2011 9:33am
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Post# 18821488
RE: RE: Peru Mining ...its all good !
RE: RE: Peru Mining ...its all good !I should also state how this impacted our SP.
In the days leading up to the election results, when it looked like Humalta had gained a slight lead...we fell from 2.50 to 2.20. When the election results where announced we gapped down from 2.20 to 1.90. So we basically lost 30% of our value becaues of political risk. When this risk is off the table what will happend to the SP? Hopefully this is the first of many positive announcements from the Peru government.
I think everyone can agree we are presently traiding at a discount to market because of political uncertainy that will be resolved in the near future.
GLTA