There could be fallout from Argentina's debt crisis, possibly leading to sovereign unrest. I suspect that is what the shorters have sniffed out as a new play to push ORE's shareprice down.
Inflation alone, or a devalued peso, poses no threat to ORE's profits - since they get paid in US dollars it would be a good thing creating higher profits. The current government, or a new one, might institute new taxes on exporters, but this is not an imminent threat if Argentina can deal with the situation with the IMF as they are now attempting to do.
It's another wait and see situation, but everything I have read seems to be saying that the world economy generally is growing strongly and Argentina is not likely to go into a period of civil unrest over this.
ORE Price at posting:
$4.91 Sentiment: Hold Disclosure: Held
