"If Venezuela's attorneys said GRZ simply used the property as collateral for their
loans to invest in interest bearing financial instruments. They did this for years and had to be
threatened by Venezuelas' confiscation of the property, to get there act in gear and start
working on some positive steps to start mining the property and creating jobs and building a
mine. Not that that has any legal bearing on the outcome, other than maybe the arbitraitors
not being as sympathetic to their case.....seeing as it might look like they were abusing the
purpose of having the property in the first place. While we were building infrastructure,
sewers, hospitals for the people of the KM88 area. Buying earth mover and bull dozers, and
contracting mining equipment to be built or purchased.
I personally think our case couldn't have been orchestrated any better, almost asif they were
actually trying to make a very powerful case in our favour."
On that note, GRZ may have been more prudent in that regard by not puking millions upon millions of dollars into the project before the final deal was struck(final permit and approvals). If kry wanted to they could have stood on thier "legal ground" far before they did. If the end game was and arbitration case then I guess they did dot all the i's and crioss all the t's. In hindsight was it really that smart business wise to spend all that money the way they did by "who cares Fung"? My personal belief is they knew the course this was going far before it became "official". A good company would have cut the losses and filed long ago and moved on to other ventures.
There were many analysts and professionals that knew this and warned about this years before, but we were smarter, right? This whole story reeks of stupid, and yes I'm in there.
