My theory is that the Venezuelans will want to be the last ones to contribute their part to the Joint Venture.

Why would their government stick its neck out transferring the MOC to a joint venture that wasn't approved by the shareholders of KRY and CRRC? That would relinquish power too early in the game, plus it would create the danger that we and the Chinese will screw up the deal due to last minute greed.

Based on my hunches about where the power lies and in what order all the scoundrels will want to commit, I think we will have to go first by voting to approve the JV. Second will be CRRC. Third will be the numerous government and exchange approvals. Last will be the Venezuelans with the environmental permit and permission to transfer the MOC to the joint venture.

Hopefully most of these will be lined up ahead of time so that they can go quickly.

Anvil