RE:RE:RE:RE:Ecuador Royalty and FeesBrendanC wrote: Depends on who you ask here on the message boards. There will no boubt be bashing over the delay to, well, now. (2nd Quarter) Long term, its awesome. I fully expected taxation to be exceedingly higher than 5%. $145,000/year total cost? Thats insanely cheap. Toss that in with fuel prices and cheap workers!! I think we can expect top dollar for buyout.
This is why Deller got another PP, hes paying GBM for the extra test work as per the MD&A. We should see the release of the GBM results soon as we did the MET with yet another PEA date of sometime in April, May or June. I'm still going over some key points to the MD&A Mustang and will post more soon but I think that if they can cut the mine setup costs etc... to closer to the $300,000,000 range instead of $600,000,000 it saves is much more money and will get a better sale price. All IMHO. Curious to see how the market reacts. Short term investors will likely sell out of bordom but we may see some interest over the cheap taxation and the fact that it is now set in stone what we will pay. I hope we head toward .06 tomorrow. I hope smart investors read into the tax rates and outlook instead of "another delay"...
But we will only see then... GLTA and keep doing your DD.
Also figures a buy out at the time of June when gold is strong and buyouts happen. Traditional cricket folk. Buy signals.