LAF lafayette mining limited

inquiry recommends mine closure: opinion tastarga, page-6

  1. 52 Posts.
    re: inquiry recommends mine closuopinion tastarga Lust,
    My situation is almost identical to yours -sold most at a loss and kept 50,000. I lost my nerve and bailed out in the last few moments of trading on Friday. However, there can be little doubt that the mine will re-open it would be economic suicide to the government to do otherwise -no one would ever invest there again. Sure Arroyo has to appease the powerful clergy but she cannot allow the mine to close. Also to my knowledge the commission was not empowered to recommend the fate of the mine only to report on environmental issues. My only concern is that all this may take some time during which the sp will fall much further. It would be tempting to sell out and buy in later but am resolved to hold on. The whole matter could be resolved very quickly.
 
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