Reader 'AF' alerts your author to a bit of revisionist history that seems to have been directly prompted by your author's post of yesterday afternoon and linked here with the original words found in the Gold Report note. AF writes:
I read what JM said and it is not what you have in italics
From your link
"The former president of Peru, Alan Garcia, was very positive about resource development including mining, oil and gas. He took a stand in an area of southeastern Peru where he sought to allow development of some projects that the local indigenous people, the Aymara, were against. Garcia basically rescinded the original decree to mine that area prior to the new president, Ollanta Humala, taking office on July 28"
You have this in Italics
"The former president of Peru, Alan Garcia, was very positive about resource development including mining, oil and gas. He took a stand in an area of southeastern Peru where he sought to allow development of some projects that the local indigenous people, the Aymara, were against. New President Ollanta Humala took office July 28 and has basically rescinded the original decree to mine that area."
Interesting, huh? Instead of saying "I was wrong", dumbass-on-LatAm Joe Mazumdar of Haywood Securities prefers to slip out the back Jack make a new plan Stan and get his original dumbassery altered so that it kinda fits the facts and it goes without saying that no hint of the edit can be found in the newly altered piece. However the new sentence makes no sense whatsoever when compared to the sentiment in the first part of the paragraph, so maybe that needs tinkering with now, too.
Oh and bad news Joe. You can't deny your revisionism because I get Gold Report on RSS and in that version the original sticks, just like it was.
Got any theories on 9-11 while we're at it, Joe?
UPDATE: Now it's REALLY bad luck, Mr. Joe Mazumdar, because it turns out your note was syndicated all over the place in the original version. For example here and here's the paydirt:
Joe = pwned
UPDATE: Now it's REALLY bad luck, Mr. Joe Mazumdar, because it turns out your note was syndicated all over the place in the original version. For example here and here's the paydirt:
M: The former president of Peru, Alan Garcia, was very positive about resource development including mining, oil and gas. He took a stand in an area of southeastern Peru where he sought to allow development of some projects that the local indigenous people, the Aymara, were against. New President Ollanta Humala took office July 28 and has basically rescinded the original decree to mine that area. He is also planning a new tax and royalty on miners. Peru remains a very prospective country for gold, silver and copper, among other metals, and foreign direct investment has had an important role in reducing poverty over the past few years. So although I believe that mining investment will continue-Newmont and Buenaventura have recently approved the development of the multibillion dollar Conga copper-gold project in Peru-an investor should lever him or herself to companies that are comfortable permitting and developing projects in this environment. My pick would be Minera IRL; its senior management team predominantly resides in Peru and is levered to the new geopolitical paradigm in Peru.
Joe = pwned