gold, good points/thoughts...here is some of the stuff that floats around in my head regarding Las Christinas..they say an investor should never fall in love with a stock (and admittedly most times i have, i've gotten burned) but the story is just so DAMN GOOD! that and overall i'm still way up with kry, but back to the point.

1. "the market hates uncertainty"...no other wall street saying is as true as this one (except maybe "buy low, sell high") this is why kry's PPS is where it is..imo

while "nationalization" (they tend to be leaning toward majority ownership)in venezuela is a real possibility the FACT REMAINS that the two countries with the highest taxes/royalties in the world for mining (and about to get higher) are the US and Canada...throw in the difference in labor costs and i would guess that a minority ownership in venezuela is more profitable than a full ownership in the US....but the US and Canada are considered the most stable places to do business..

if chavez nationalized mining i believe he would go with his "majority ownership" model and it would'nt just affect KRY it would be industry wide like the oil sector...which includes the russians..

2. Las Chritinas ownership can be traced back to the spaniards (areas and boundaries change, but the same basic "kilometer 88"area) the last "true" owner was a guy who left the rights to his wife who in turn got screwed out of the rights by a lawyer...placer could have mined but did'nt (not "economically feasible at >$300oz) i would guess it was more likely that placer did'nt want to throw a ton of money into it under chavez (a lot of infrastructure, etc changes since then. and $1000 gold does'nt hurt)

the one thing folks forget is that the current icsid ownership dispute is only over 2 of the 4 (4&6 i think)concessions that make up kry's Las Christinas arrangement.

3. in the end i think a large reason for a depressed share price is (like everything related to ven) political.....many institutions (like we saw recently with jp morgan, dont get me started) are politically driven in regards to what they invest in.....but when the gold starts fly'n people will be buy'n........imo