RE:RE:RE:RE:RE:Guess everyone is quietly selling Again you reducing your exposure to GQC is really based on how your view the opportunity cost of waiting for the permit.,
it is true that we lost a lot of the price momentum that was built up to the first round election of Luis Abinader, but from my perspective this new administration has stayed in lign with its pre-election stance on the Romero project. Luis and his party the PRM have always questioned the validity and the integrity of the previous Gov blocking the approval of the exploitation permit.
As for the articles around community consensus and protecting natural resources:
First around protecting natural resources --The MEM was referring to all development project not just mining project, this was not specific to the Romero project--Luis and the PRM party have shown indication that they were satisified with the technical assessment and decision from the previous MEM Isa Conde. I do not see why they would have any issues now.
As for the community consensus:
I believe this is the area where Luis and the new MEM want to take the lead on and work with the San Juan community to make sure they fully understand the economic and environmental impact of the Romero project.
I truly believe these articles would not have any effect on the price of GQC if the MEM came out and provided a clear plan and timeline around their assessment of the Romero Exploitation permit application. These articles are triggering GQC longs that are exhausted of waiting without any guidance from MEM.
Let's not kid ourselves there is no way you would be paying on avg .30 for a proven and shovel ready project like Romero with POG holding above $1800/oz. The patience and sometimes frustration is part of the process of taking advantage of this opportunity.
I am holding strong until I get a clear indication form GQC or MEM that they are moving on.
STAY STRONG GQC LONGS