Rio Alto Mining Limited RIOAF

why the dump?

[fleeinggrandich]

Any idea why the dump today? Low volume too. Was this just spooked retail dumping shares cos they don't understand the volatility in silver & gold this week?

[peruchocanuck]

Peru elections first round in two weeks (April 10), and the leftie (Humala) second on the polls, most probably he will get around 20% of the valid votes and pass to the second round (the two most voted candidates go to a second round in June to see who becomes next president), but congress is stablished in first round.His party will get 20% of the congress but he will fail in the second round

[mork10]

I agree, it´s very unlikely Humala (the leftie) could win on the second round. All other candidates are centre-right and will continue the same liberal economics that have characterized Peru for the past 10 yrs and that have resulted in stellar economic growth.

[safi61]

Last chance to buy RIO at such low prices guys! Over 4M shares changed hands today ans the s/p hardly blinked.That shows how strong this stock is (not for the weak hands for sure).Safi

[raisethebarr]

Can anybody advise the bullboard that a construction permit is in place?Raise

[kmilne]

No its not in place but that doesn't seem to be slowing them down at all. They still claim to pour gold by the end of Apr.

[lowpickr]

Humala takes the lead: https://incakolanews.blogspot.com/2011/04/leaked-poll-numbers-for-peru.html

[lowpickr]

https://www.nasdaq.com/aspx/stock-market-news-story.aspx?storyid=201104030919dowjonesdjonline000042&title=peru-pollsnationalist-humala-widens-lead-before-presidential-voteeru Polls: Nationalist Humala Widens Lead Before PresidentialVoteLima -(Dow Jones)- Left-leaning nationalist leader Ollanta Humala has widenedhis lead in voter intentions before the April 10 vote for president, with

[mork10]

Humala will not win the elections. In order to win in the first round of elections a candidate must win gather 50% + 1 of the electoral votes.  Humala is getting 27% of the "voting intentions" which means there will be a 2nd round run-off election in june between the first 2 candidates. All other four candidates are centre-right which means presumably that whoever runs against

[peruchocanuck]

Mork you forgot to mention that the Parliament is elected in the first round, meaning Humala will get around 27% of the seats (or more). Even if Humala doesnt win in the second round, his party will have a significant presence at Congress. Currently, Humala's party holds 45 seats from the 120 seat in Peruvian Congress: https://en.wikipedia.org/wiki/Congress_of_the_Republic_of_Peru Caudillism

[fleeinggrandich]

His party would have had a significant presence in Congress anyway. In fact, as you note, they already do have a significant presence. A congress without leftists in Latin America is... well, Peru under Fujimori, cos he was busy killing them.What I'd be interested in knowing is, how did the Peruvian viewers react to Humala not actually answering any questions in the debate, instead replying to

[mork10]

1) If Humala gets 27% of the parliamentary seats that translates into 34 or 35 seats which means his party will loose seats from the current 45. There is no way he will get a majority of seats. 2) it is extremely unlikey that he will run against PPK who currently stands fourth in opinion polls, he will most probably run against Toledo or Keiko Fujimory in the worst case. Polls show

[safi61]

I agree Mork, big opportunity to load on Peruvian juniors as most early sharholders are taking profits to hold for the results on Sunday vote.Also remember that most of Humala's previously elected congressmen left his party in their first year in office and migrated to other groups, so currently he actually doesn't control more than half of them. And the same will happen this time