RE:RE:RE:SQM Newstiger2201 wrote: It's because Chile' political situations or election result, the opposition party will propose HIGHER TAX on mining.
There are some news out there.
tiger
Specific wrote: why do you think sqm has taken a 25% haircut the last few days/weeks ?
tiger,
my first reaction was: "First wait and see what Joe Lowry says", but then the bigbang already did it and did it well.
Besides that, the Chilean election was about voting in a constitution writing assembly.
155 strong and 17 representing original Chilean nations.
Dammit, but that's a very good thing.
These peoples have had the short end of the stick for far too long.
Yes, they are a bit on the left, but does that make them stupid as well?
Will they not realize that Peru and Venezuela are not the examples to follow.
They know what the Pinochet constitution states and they see what that mutt in Brazil is doing.
Let's hope that the new constitution will bring something for all.
Yes mining will have to pay a bit, but are the Chilean Li-chemical producers so well off now?
Without investors, no mines. Without resources, no mines.
Let's find a balance where all may benefit.
I believe it's possible when, at least, we can rid us of Milton Friedman's heritage.
So far my rant of the day.
Have fun.