Like your thinking but i think you should prepare for a hold your nose,take it or leave it offer.If i can get $2.00 a share out of this mess,im out of here.
I couldn't agree more. If anyone thinks we will get 5-6 bucks\share at this point I'd like some of what you're smokin'. My guess is Hugo opened the negotiation at "we'll pay you for the social projects". He doesn't care about the law. He doesn't like us because we are from North America. He will not pay anything near what we are worth. Venezuela's criminal strategy is now clear...delay, delay,delay to burn, burn, burn our cash. They know we're being attacked from within by the bondholders now. I'll take the 2 bucks now. I ain't waiting for 5 plus years for a "possibility" of unknown returns.
IMO..the best thing that could happen to us right now is for gold to pop to 1250\ounce. Maybe it would motivate these creeps to squeeze out a couple of more turds on the deal.