mining exporters to repatriate funds in argent, page-12

Stayer,

You are on the money there. The change does not affect the company's bottom line directly, but does impact the asset value as perception of risk leads investors to increase the discount rate they use in their valuation models.

Being a Latinamerican , I have learnt not to trust governments there, there is a lack of transparency and quite commonly there are hidden objectives.

What comes to memory now are the control over exchange rates that where implemented in the 80s, 90s, and still in this decade in countries like Venezuela.
There was an official exchange rate which was substantially lower than the (black) market price. Good for importers who could buy cheap US$ but terrible for exporters who had to sell their US$ to the government at low prices. Not to mention that people's savings in US$ were "frozen" by the government and only returned to people months later at the crappy official exchange rate.

Lets hope the excitement over the agreement in Europe makes people forget quickly this sad initiative by the Argentinian government and helps the share price recover a little.

Alejandro
-----------
DYOR, this is not investment advice
STO, BDR, TRY, MNC, ELT