Thanks to all who responded to my question about the resolution of conflicts clause. Doug Belanger's comment about KRY having signed away their right to arbitration concerned me but I think the board is probably correct and he is wrong. He's no dummy so I'm wondering what his real purpose was. Spoke to a lawyer friend who said he believes the purpose of this clause is to prevent KRY, a Canadian company, from pursuing CVG in a Canadian (foreign) court, where they might get more favourable treatment. He doesn't think that this clause applies to arbitration based on the BIT.

With sanz himself throwing around numbers like 35 billion in gold, you have to ask yourself WTF is happening here. Would VZ really just throw out KRY and risk getting wacked by a huge judgement (presumably in the billions)? Something about this just doesn't compute. Sanz is supposed to be a smart guy, so why is he shooting off his mouth like this? I really hope that this soap opera isn't just a well orchestrated plan to to drop the SP so that KRY can be sold to someone else for a bargain price. The bashing that I've seen on other boards appears to be very deliberate and the people behind it are very smart, very well informed and incredibly persistent. I think they are tied in to the Ortega episode and that what we are seeing with Sanz may be a continuation of the same attack on the SP. The only purpose I can think of is to cheat us out of a descent price for our shares.

We need to get the word out that even if this goes to ICSID and takes years to resolve, the value is there and the potential payoff is huge.