Unlike GFI and HL with other assets this is all KRY and GRZ has, they will fight to the end the large institution, retail investors, and funds will not give up without a major battle, binding contract on KRY part, KRY has litigation experience against the Venezuela government in the past hence the reason for Las Cristinas contract. the squeeze may be on from Vn negotiated settlement will eventually be reach, every company that exited Vn in the past be it oil, gas gold, steel cement, telecom, all had other asset to fall back on, in settling for compensation and removing the risk factor helped their share price and pacified their shareholders, with the exception of Exxon and COP who are large enough to not be push around, Venezuela oil revenue forecast of 78 billions this year is less than 1/5 of Exxon 12 months trailing of 434 billions in revenue
they can afford to BINDING ONTRACTS ALWAYS WINS IN ANY COURTS, hard to get out without paying compensation and punitive damages, I don't think we will get to this stage, settlement yes, share price at some point will be much higher than here, buyout, merger, joint venture, and permit to production still not out, we will all find out in the end, for me I think it will be foolish to sell at these level, I'm buying and holding here, everyone can choose their own path, all I can say is Sept. 2005 Chevez give me an opportunity when he revoked idled concession, I took full advantage of it, now Ortega 'may' have provided another, I'm willing to take a chance at this level, if in the end I lost on this last play, personally I'm ok with that, for all this stock I am being in this has been great all around, from profit, drama, Message board (rarely on any other) socializing, fun, up down, sideways, Venezuela, politic, fights, makeup break up kicked off, bashed, info, insight, humour from others was truly priceless