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Re: my take reply to CJR

almost 14 years ago

in response to cantjustread's message

My take: Open for discussion, just some thoughts on the situation.

I wish they announced a financing plan too but could this be a grey area under the Venezuelan rules of discloseure? I know it's BS reason, but just preparing an arbitration financing does not constitute a material event does it?

The sticky point IMO: Hugo announcing the "Deal". How does he do this until we have had a chance to vote the proposal up or down? It really is a catch 22 stiuation- If the proposal materials are released for the required twenty day requirement (and shows the gaurantee of all neccesary permits and permissions), then it shows we are in control of the fate of the mining agreement, not Chavez. I am still not sure how we can satisfy Chavez's need to porport his illusion of control and also comply with market rules.

How do we get around this? I agree with your concern on the financing 100%