Pacific Rim Mining Corp PFRMF

I have been reading up

[Tgarfield]

Didn't really understand this story at first.  What a mess, glad I was't in at the top.  It was a screw over for shareholders.  I think the hope now is the CAFTA case 'could' be won and 77 million spent could be reclaimed OR the gov will give in instead and allow the mine. 

I read the Feb 26th 'rebuttal" from the company, quite a long peice.

IF i was them (el salvador gov)  I would buy ever share I could, THEN allow the mine.

Possible if gold keeps going up they might see/find/force some benefit for themselves, by having the mine working.

[TIM9LIVES]

 Yes, It's a long read and takes a bit of DD to fully understand. That said,,,PMU looks to have a very good chance with the CAFTA review.   I think El Salvadorian newly elected pres knows this,,and he tried to reach a compromise with PMU,,,but PMU knows they are in the right. They are not backing down,,,and the case will be heard by CAFTA court very soon. El Salvador can't win

[Tgarfield]

I was slightly joking about the buy up the shares thing.Not sure about the president.  Gold escalating might change their mind.I

[TIM9LIVES]

 Agreed,,,I was just pointing out some of the issues buying foreign based companies. I own PMU,,,but only bought at these levels because I think they will win case.  That said,,,back to foreign companies,,,,the DRI/Dorato news issue was very, very suspicious IMO.I do prefer Canadian and USA based mining/exploration companies,,,,just so much safer IMO

[Tgarfield]

I give it a less than 50% chance of winning.  However I think the gain is 250 to 500% with a win on the Cafta and  more if they do a turn around and allow the mine.risk vs reward.