miércoles, 12 de noviembre de 2008

RUSORO: THE NEW PARTNER OF CHAVEZ IN THE GOLD SECTOR.

Stock during the last five years.
Stock during the last five months.

***** RUSORO IS THE NAME OF THE NEW CHAVEZ PARTNERS IN THE GOLD
SECTOR.

Rusoro is the name of the new company taking over the Las Cristinas gold mine, in a joint venture with the Chavez regime. Rus...oro, rings a bell, a gold Rusian company, right? Wrong but right. It is a Canadian company but essentially controlled (25% +) by a family, Agapov, that sounds more Russian than Canadian. It has Russian offices and it wants to be taken as Russian, even if his president is a Mr. Salamis. The stock of this company has moved in a very erratic manner, as you can see above. I wouldn't trust it, any more than I trusted the one before them in Las Cristinas, an outfit called Cristallex.
Venezuela has had a sad story in gold mining, going from the hands of Venezuelan thieves into the hands of foreign thieves and, now, into the hands of a joint "venture". I would not buy an used car from these guys, much less trut them with a gold mine. Poor Venezuela!
Knowing the manner in which the Chavez mafia operates I guess what is going to happen.



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