RE:RE:Balanced article regarding the electionwhat i got out of this article is CONFIRMATION that NOBODY KNOWS..."don't PANIC" and yet the CHILEAN PESO is down 20% already..while this great news for ARG's costs, it also shows that the international markets are concerned..
..company's position is that their a environmentally reponsible TOLLER with a an agreed to royalty scheme with their state owned parent..all true BUT...
-ARG is also a foreign owned entity taking profits out of CHILE, in addition to paying dividends to wealthy imperialest dogs (us) , you know, the VERY TARGET ENTITIES that was campaigned on...
-you don't have to change the already agreed to ROYALTY scheme, you just adjust the external tax rate, highly doubtful there is LEGAL language on this..
-CEO soothing comments-what else are they going to say, a profit tax would hurt-hurt WHO??, but ARG would still carry on, just be a whole lot less lucrative to us, the shareholders..
Anyways, with some reluctance, i sold off 50% of my ARG holdings and re-invested in CMMC to mitigate this political risk/unknown. Does this make me a TROLL?? you decide, but being ignorant of current circumstances IS FOOLISH...see what happens..dwdc