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Bullboard - Stock Discussion Forum Amerigo Resources Ltd T.ARG

Alternate Symbol(s):  ARREF

Amerigo Resources Ltd. is a Canada-based copper producer. The Company owns a 100% interest in Minera Valle Central S.A. (MVC), a producer of copper concentrates. MVC, located in Chile, has a long-term contract with the El Teniente Division (DET) of Corporacion Nacional del Cobre de Chile (Codelco) to process fresh and historic tailings from El Teniente. The Company operates in one segment, the... see more

TSX:ARG - Post Discussion

Amerigo Resources Ltd > Interesting from the Canada-Chile Free trade agreement
View:
Post by SomeGainNoPain on Feb 11, 2022 1:17pm

Interesting from the Canada-Chile Free trade agreement

Not that I want to imply that it is possible or that there is a risk that it may happen, I'm all in and I stand by my prediction of average SP=2$ in 2022, but if some investors are afraid of what may happen if the dogmatic freaks get their way, consider this: 

https://www.international.gc.ca/trade-commerce/trade-agreements-accords-commerciaux/agr-acc/chile-chili/fta-ale/03g.aspx?lang=eng

Go to Article G-10: Expropriation and Compensation. It is stated: 

1. Neither Party may directly or indirectly nationalize or expropriate an investment of an investor of the other Party in its territory or take a measure tantamount to nationalization or expropriation of such an investment ("expropriation"), except:

(a) for a public purpose;

(b) on a nondiscriminatory basis;

(c) in accordance with due process of law and Article G-05(1); and

(d) on payment of compensation in accordance with paragraphs 2 through 6.

2. Compensation shall be equivalent to the fair market value of the expropriated investment immediately before the expropriation took place ("date of expropriation"), and shall not reflect any change in value occurring because the intended expropriation had become known earlier. Valuation criteria shall include going concern value, asset value including declared tax value of tangible property, and other criteria, as appropriate, to determine fair market value.

3. Compensation shall be paid without delay and be fully realizable.

Comment by goldens on Feb 11, 2022 9:18pm
Nice find. I think what you have is a bunch of naive young student activists that are going to have a very rude awakening. It is very easy to sit on the sidelines and criticize. For those of you that are from Ontario Canada just think back to when the NDP ran the province (into the ground). It didn't work out so well for them.
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