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11/14/08 7:14 PM

#5727 RE: superdow #5726

Vinny..You are right..And you are a one of the elite historians in this play..Unfortunatly you are right really about the S. American business culture.I have had personal experience as to how they do business.Its also unfortunate on some of the forward wording expectations passed to us share holders as to the timeing of this investment...I think we both are at fault..I can wait this out ..unfortunatly some can't and I have empathy for those individuals..As to going crazy...I learned how to do that a long time ago..GLTA
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11/14/08 8:12 PM

#5730 RE: superdow #5726

SD, Juan Jose Quijano Fernandez CEO/President of Medinah north america, who I believe hasn't been told of his title...LOL!!! , will issue an update/announcement
when they can. Les promised months and months ago about this thing being done by Tuesday, so I say give them until Tuesday. Maybe Les had a preminition about the date or maybe he actuals knows the JV finality. If he was just guessing,then the HISTORY tells you he has been "poking" in thin air for a very very very long time, and that Juan IS awaiting the Chilean/China bureaucracy to run its course. If that is the case, I'll I personally will look for mid January as the next opportunity to see something out of Chile.
and Many of us know from experience this time of year,and
"news imminent-share issuance" periods, are a signal to hunker down cuz it aint happening. I also believe it has nothing to do with world economics, every single credible report on demand for commodities and what the Chinese are doing signals that our JV is not in jeopordy it is just going thur the politcal machinery. Just my thoughts, so one can use them as they wish!.


translated by bablefish:
Minister of Mining assures that China will maintain demand of Copper Santiago González has maintained an intense agenda of work to fortify the commercial bows and aiming to stimulate the investments of Chinese companies in the national mining. The Secretary of State will remain in Asian earth until Sunday 16 of November. Now course goes to Mongolia. The minister of Mining Santiago González valued the plan of financial rescue in China, equivalent to US$ 586 billions announced by the government of that nation to stimulate the consumption and the local investment. The Secretary of State praised the measurement considering that of this form can be stabilized the demand of copper of the Asians, that reaches 30% of the Chilean exports of the red metal. Gonza'les recognized that in a very short term the copper consumption will be reestablished in high levels " as we were customary in the last tiempo". From Peking, the mining holder analyzed the present scene that lives copper in stock-market on Metals of London and considers that " we are optimistic because the price has become stabilized around 2 US$ 1.8 and US$ libra". It emphasized in addition that the long term investments and projects will make sure if the copper becomes stabilized in winch winch to 2 US$ the pound. " We think that it is thus going to be and for that reason we want to extend our perspective comerciales". Minister González told in addition that a work agenda settled down to transfer knowhows and scientific between both nations. Also and to work in the promotion of the investments of Chinese companies in Chile. Its next one for will be in Mongolia where it has one loaded work agenda. Peking, 12 of November 2008