Penderite

Good evening from Miami. Appreciate your post! Let me pose some questions, mostly to aid in the thought process:

Questions:

(1)

with no news, and no real urgency (at least not till late May 2009) for the Government of Venezuela to respond to KRY why would KRY's share price rise when it is running out of money on a daily basis with no permit in sight?

(2)

why is it that KRY's share price was higher in previous years when the price of gold was lower than it is now?

(3)

why is Venezuela refusing to cooperate?

(4)

why are the note holders demanding repayment?

(5)

how can KRY be expected to realistically raise additional capital without diluting shareholder value?

Simply put, Venezuela has a HISTORY under Chavez of taking over enterprises considered important to the State. Wouldn't an operational Las Cristinas be considered important, so important, that it needs to be 'recovered'? Why take the chance, why wait through 2 years of mine set-up with additional dilution, irespective of a potential for rising gold prices, in the hopes of obtaining USD 4 per share or whatever the amount is? Why take those risks after everything shareholders have seen and gone through the last while. Why not accept defeat and move towards ICSID? I mean, the company is taking this approach. They have given Venezuela a timeline to engage them and thereafter it's arbitration. Representatives will be selected within a couple of weeks after May 28 and Freshfields goes full bore - that's it.

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