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AUREF.PK
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Kinross Gold Buys Aurelian Resources
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It only works if and when Ecuador let's them mine the gold, which is currently on hold.
And even then who knows how much will be paid in taxes to this dictatorial country.
And what happens if their dictator decides to nationalize (takeover) the gold mines.
I see nothing but lots of potential downsides to this deal. Extremely risky. Wouldn't touch this stock now with Mark's ten foot pole much less mine.
I feel for you Mark, this used to be one of my favorite gold stocks to own.
Jul 25 11:47 am
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43 comments
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Kinross Gold Buys Aurelian Resources [View article]
And even then who knows how much will be paid in taxes to this dictatorial country.
And what happens if their dictator decides to nationalize (takeover) the gold mines.
I see nothing but lots of potential downsides to this deal. Extremely risky. Wouldn't touch this stock now with Mark's ten foot pole much less mine.
I feel for you Mark, this used to be one of my favorite gold stocks to own.