Rusoro is a transnational and any projects with China, Russia, Iran etc. will be transnational by definition.

What kind of two faced liars could publicly suggest that there will be greater respect for human rights with russian, chinese or iranian bosses. Say what?

It concerns me that no authority steps up and suggests that they should at least check on the veracity of the accusations leveled against western companies. Shoot first--ask questions later--if ever.

VZ appears to be on a rampage of nationalisation and foreign company destruction, with the exception of some of their friends like the ruskies.

On a different note, I came across this, and while it is not new, it is a good read.

http://sec.edgar-online.com/2007/11/...

Mentions environmental impact etc. Two artificial lakes. a TMF (tailings management facility) with a dam 100-200 meters in height?

Major stuff.

I was especially concerned by the clause in the contract that says that under no circumstances will the parties have any recourse outside of the VZ legal system. I am not sure that our position is really that fragile but what if it is?

It also says that any new laws or policies from a different gov't agency will represent force majeur for CVG. Beyond their contol.

BTW I am not a basher. I am just worried sick about my investment in this spec. I have broken every rule of trading discipline by sticking with this and I'm kicking myself in the rear at least once every 5 minutes.