There seems to be alot of misunderstanding about who and what we are dealing with here in this prospective JV with a chinese company.

I strongly recommend reading "The Art of war" by Sun Tzu, for anyone who has not already done so. This will give you some insight into the chinese way of waging war and doing business.

I still feel that the JV deal as presented represents a rape of long term shareholders. We seem to be giving up 2/3 of the project with no compensation for engineering expenses already incurred, no reimbursement for our investment in social projects, and nothing for the value of the MOC.

The chinese do not lose face when they win whether it's in business or in war. You can ask any Tibetan about that.

I am currently heavily invested in a mining company that has a potential JV deal (through a buy in option) with a large, widely respected mining firm. In the event that the potential acquiring company opts to take more than one half of the project they will reimburse the existing project holder 4 TIMES all expenses incurred to date. That is what should have occurred here. Even 1 times would have been nice.

I believe that the delay we are experiencing is due to the Chinese and Venezuela negotiating who will benefit from the gold that will be mined. I don't think there will be much, if anything, left for KRY shareholders.

The real beneficiaries here will be the Chinese, Venezuela and KRY management (because they will continue collecting their salaries and cashing in cheap options).

Sorry to be so negative but I call them as I see them.