Major shakedown!!!!This is what happens in these unstable banana repuplics...........these literal 3rd world "you know what"it holes to good company's making HUGE profits. Everyone, and i mean everyone, ALL the politiciansn family, friends & their grandMA has their hands out for a piece.......
You guys REMEMBER what happened to another "infortunate" MAJOR Canadian "strategic metal" producer.....not too long ago.......not once BUT TWICE in it's short life span? For those that don't know or are too familiar with this cut throat industry, one only has to look at what went down with Turquoise Hill.....NOT ONCE but TWICE....the same issues that First Quatum is having here with the Gov't. Turquoise had the same problems, being shaken down or trying to be kicked out of their VERY valuable assets in Mongolia. And to be honest, Turquoise was in a lot worse shape in a more precarious situation then FM is here now......
This is nothing more than a MAJOR shakedown for bag of money.......and thse folks usually target these easy picking Canadian operations because their not combative ans VERY easy soft targets.......and a company like FM which is racking in ~1B a year in profits usually is!!!! So just think about these commentsw before you act too quickly or unwisely.........This sector is controlled and in the hands of just two or three global companies, you onow who they are (Glen, Rio & Vale) and THEY are trying VERY hrd to keep that monoploy in their crooked hands and kick everyone else out to the curb........FM included
If this isn't a MAJOR buying opportunity then i do NOT know WTH is!!!!!
GLTA