TSX:OGC - Post Discussion
Post by
Elvis436 on May 09, 2022 12:59pm
Presidential election flashback?
The stock OGC ist considerably down today. Maybe this coincides with the today presitential election of the son of former dictator Marcos, and the daughter of Duterte as vice President. That the son claimes he received a Bachelor degree which is not reassured / denied from university gives an impression and reminder of the insecure jurisdiction in the Philippines. Here his position towards mining (against open pit mining, otherwise in favour):
https://www.philippine-resources.com/articles/2022/3/2022-presidential-candidates-who-truly-walks-the-talk "Speaking to Boy Abunda, instead of Jessica Soho who he claims is biased, Ferdinand Marcos Jr. said he is open to allowing “sustainable mining”, while expressing aversion toward open-pit mining. Marcos Jr. said he recognizes that mining is a big source of revenue for the Philippine government, and that in these difficult times, we should take advantage of our vast natural resources. On open-pit mining, he cited the pollution that it allegedly causes and post-mine closure issues. He also called for improving the working conditions and compensation received by mine workers."
Be the first to comment on this post