Smash I agree with you but it is looking like base covering.

If we did not get the 35M now what is to stop Venezuela from continuing to deny the permit as we were almost insolvent. No deal with the chinese = no 2/3 credit for the monies spent = we continue into oblivion.

I do like MOM's opinions on this chinese deal also. It does not have to go through because we now have the 35M to go to arbitration and it feels like an insurance policy against the treatment that what we have experienced over the last few years continues. If in the final analysis the stock price has not improved, the details show that in "the deal" we eat the previous monies spent on infrastructure to remain compliant, the Venezuelans continue the permit stalling or make more demands that further slow the process, this deal could fall thru or be voted down.

I am hoping that we get the nice 2/3 credit for everything that has been spent up to this point at least on the infrastructure expenditures, that would show some good faith and above board dealing on the part of the chinese. But I do not think there was / is any way around the financing / dilusion before the deal is final.

It is hard to be happy when your potential gain has been cut by 2/3 but in our case a bird in the hand here is probably worth more than three somewhere out in the brush.