Sean K
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- 21 April 2006
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No, No, No.
He was clearly talking about dilution to fund the mine. He just didn't really make that clear to investors. Dilution to keep the lights on and paying salaries and expenses is perfectly acceptable.
Milei slams predecessors in speech to top business leaders
Javier Milei makes annual trip to Bariloche for forum held at Llao Llao Hotel; La Libertad Avanza leader given warm welcome as he complains about “inheritance” from ex-president Alberto Fernández's government.www.batimes.com.ar
According to sources quoted by the Noticias Argentinas news agency, Milei promised business leaders that a tax cut is "on the way."
Milei also found the time to take a photo in front of the hotel's famous staircase, surrounded by the country's leading businessmen, including Eduardo Elsztain, Marcos Galperín and Federico Braun, among others.
I recall KK mentioned the 8% export tax on gold being included in the scoping study which cost them about $150/oz... That would be a very nice tax to have cancelled.
I think at this stage he's trying to exit stage right and move on.
The only thing going right for this is that they're at a swing up in the market.
Ecuador might be worth $15 an ounce, which will be $50-80M or so.
Nice pay day for KK.
I think he might have doubled and doubled again on this.