Alamos Gold Inc (AGI)

[amarksp]

marcos, thanks for this post, very informative:

http://www.siliconinvestor.com/stocktalk/msg.gsp?msgid=18951785

Here's a bit of history on the subject, for those of you, like me, that need a better understanding of "ejidatarios":

"The Agrarian Reform Act of 1915 and the constitution of 1917 laid the groundwork for dramatic changes in Mexico's land tenure system. These documents established that the nation retained ultimate control over privately held land, which could be expropriated and redistributed in the public interest to campesinos.
The ejido , or communally farmed plot, emerged as the uniquely Mexican form of redistributing large landholdings. Under this arrangement, a group of villagers could petition the government to seize private properties that exceeded certain specified sizes--initially 150 hectares for irrigated land and 200 hectares for rain-fed holdings. Assuming a favorable review of the petition, the government then expropriated the property and created an ejido . The state retained title to the land but granted the villagers, now known as ejidatarios , the right to farm the land, either in a collective manner or through the designation of individual parcelas . Ejidatarios could not sell or mortgage their land but could pass usufruct rights to their heirs. Ejidatarios had to work their land regularly in order to maintain rights over it."

more here: http://www.guide2mexico.com/content/mexsocie.htm

Marcos, assuming there are 75 ejidatarios and the payment was $350,000 per year, does this mean $4,666 went to each ejidatarios. Is an ejidatarios a single person or a family unit? Just curious on how the $350,000 gets distributed...

Since AGI wants to cut the total payment from $350,000 to $52,000, this would work out to a reduction of $4,666 per each ejidatarios to $693 each..., that's quite a reduction...

Also Marcos, could you better explain your comment:
"Long story short - the government will have Mulatos mined, period, with even a simple majority of ejidatarios, never mind a five to one majority".

How does the Mexico government come into play, is this the national or state government of Mexico? Legally, how does the national or state goverment come to play a role at all in determining whether the Mulatos mine is developed or not?

Thanks for your time and any comments on this matter.