So let’s watch that DMM.to chart today and see if it can’t get a bit closer to the gap shown in that previous post. And let’s also spare a thought for the Aurelian shareholders who were royally screwed by a self-serving board of directors last year; what price ARU.to today if it still existed?
But my best and warmest thoughts are for Ecuador itself; it might have been an extremely drawn out process, but Correa has done great service to his country via this new law. It banishes the speculators and wide-boys from the scene, it protects the environment (I mean, woe betide any miner that tries to cut corners on this piece of statute) and it will allow Ecuador to grow as a country in a responsible way. Correa might have made a grand-scale error with the bonds issue but this law is a net positive for him, his eventual legacy and his country. Applause.