Even mjk took some off the table and he's arguably the most bullish PTQ investor amongst us!
Lojiko, as I said in #8458, I came back in after the latest NR expanding the reserves and did pretty well for the short partial time out. I was concerned about the general attitude and lack of information. The NR and conversations here convinced me that things will go very well LT. I am no predictor of short term stuff.
Because of the way the dialogue for the new bill draft is going to be set up and then moved west to the indians in the country, I think there is no longer a threat of shutdown and things will progress normally.
PDI may be delayed until Inmet's situation is clarified, buy we will keep on digging and pouring. I spoke with a friend who was up there over the weekend and he told me that things looked like they are hitting on all cylinders.
My gut tells me that they will allow the indians to put in some very specific language concerning Cerro Colorado and promise them some more money. I believe that most of the 36 articles of Act#8 will remain in the new bill. Once they have mollified the indians the bill will move quickly through the NA.
Most people tell me that Martinelli was speaking to the indian choir and did not expect his comments to be widely quoted. It may also be that the left wing of PRD has really stepped on some toes of large shareholders who are moderates in the party. There are some real internal conflicts within PRD.
In a nutshell...LT I am sure we are OK. Short term I have no clue. I have a good handle on Q3 and I think if you take out the one time debt related costs and the cost of exploration we would have a positive bottom line. Q4 will definitely show a positive bottom line. We could drop some more until the Third Debate is finished, but then I think we will say goodbye to these levels.
