Seems the Market is catching up to GRZ on the bad news of Black Wednesday. Since then, KRY sp is down about 65% and GRZ sp is now down about 53%. maybe the difference is that GRZ is not as levered to Ven.
This GRZ announcement gives the Market reason to believe the revocation is a reality and no longer about a no-name Ven Govt without authority who overstepped bounds. No confirmation or denial by Sanz, Chavez, or any upper level Ven Govt Official does not give the Market confidence and is taken as passive confirmation.