incredible opportunity 100% of asset value for Cobre is now discounted from share price. RSI of 10.78 - extremely oversold.
But I wonder how much of the selling is triggered by stop loss and short sellers. Facts: we don't know what the referendum question will be. But we do know the referendum is NOT LEGALLY BINDING. The constitutional challenge will be determined based on the extend of government authority, NOT fairness of the contract or such other factors. If you can read between the lines...this is just a show. All stakeholders are onboard already. What the government wants is to give people due process. The country needs the income which is 1.5% of GDP and more than 40K jobs. Any adverse outcome will literally put the country in junk status with any creditors and there will be no more future investment.