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Eloro, why am I being difficult? Simply because I disagree with you? Does it not occur to you the same accusation could be levelled against you?
Honestly, for your own peace of mind and given you see negatives everywhere you look, why not sell up? Take your losses - which is not a bad thing- and invest in something else.
How do you know it was linked to that? Surely it's more likely to relate to the lack of news on funding?
On that issue, has anyone received any form of reply to their emails or phone calls to the company?
Eloro, yes, it would have been preferable, but the point is the situation hasn't changed. Did you worry about it before, because I don't recall either you or anyone else mentioning it previously? All inward investment into the country has been subject to this for a long time and has it deterred them? The facts appear to suggest not. As for corruption, can you name a developing country where it isn't an issue? Has it deterred people from investing in the dodgiest nations in Africa? No, it has not.
Rinehart's invested $300m recently, which I believe equates to 'hundreds of millions'.
As for Nobby, are you really sure you'd welcome a radical left-wing President? Do you think he's wrong to want to crush the cartels? Clearly, the people of Ecuador don't share your opinion. The parallels with Duerte are very apparent and he managed to turn the Philippines into the fastest growing economy in SE Asia with considerable levels of inward investment.
SH, so you accept the fact nothing has changed? Just to reiterate, the 'companies with deep pockets' have invested multiple millions under the prevailing arbitration environment, so how exactly does Sunday's vote change things? Answer: it doesn't.
I do agree that we need Nobby to be re-elected and it's good to see he received a high level of public support for his crackdown on the drugs cartels (I note they've re-captured the bloke who kicked this whole thing off by escaping from jail).
Perhaps the clever people on here can explain what has changed as far as arbitration is concerned? The referendum voted to maintain the status quo, which didn't deter BHP, Rinehart, the Chinese and many others from investing, did it?
Sure, it would have been better if Nobby had got his way, but he didn't, so the country carries on as normal and we carry on with the process of finalising the amended IPA.
SH, at last we agree upon something!
Up until SC was appointed and power was wrested away from NM and his band of merry hangers-on, the management and strategy were dreadful. At long last we have a team with a realistic and deliverable plan.(you may not agree with that bit)
SH, I love it when you make your definitive statements - they're nothing more than speculation and you know it. The ONLY guidance we have on this matter has come from the company itself, and no disrespect, but I think they may be closer to affairs than a lad running a small building firm in the North of England.
As for your point 2, I believe you're wrong and the numerous articles which have appeared today suggest the latest deal was signed in recent days. She's committed $300m to Ecuador in recent weeks and even if they've been in discussions for some time, which they will have been, she could have pulled out if she was concerned about the impact of the Mexican situation. She quite clearly isn't.
You are desperate to find a justification for your gloomy prognosis, sadly for you Rinehart isn't delivering on your agenda - quite the opposite. You'll feel better if you accept the fact and find something else to moan about. Suggestion: keep banging on about the "car crash" funding right up to the moment of the announcement. But make sure you've got your reverse ferret boots on and have a ready supply of "I didn't say that" posts to hand.
"Just that it will put investors off. Which it will" Are you sure about that? The article is dated today.
You're in back-pedal mode and it's amusing to watch. And the great thing is there's a lot more to come, although I don't imagine for one moment anyone on here will take advantage of your discomfort.
"stick with the person who is yet to be wrong about solg". Provided you ignore that person's suggestion no one will invest in the country under current circumstances. And who knows, when the financing is announced it could be another amusing egg-on-face moment? We wait with bated breath.
Fort, good post, although it's worth pointing out that we are far more advanced than others, who are literally years behind. Mind you, with the funding they have they can catch up. As you say, we mustn't lose our much heralded first mover advantage.
Eloro, as I said, perhaps she thinks she's too late to the party. She's obviously perfectly happy with the sovereign risk and recognises the country's great potential, but as far as Cascabel's concerned there are other players already in situ. Or do you think there's something else putting her off?
I know you're very depressed at the moment, so I'd highly recommend you watch the discussion Jerry referred to yesterday. It'll cheer you up no end.
Tesla, given that Darren uses his real name it's easy to verify the fact he lives in Ecuador. It's fascinating that both you and the Aussie Moron both presume to know about people's lives when of course neither of you have the faintest idea.