The terms of the MOC are not being reworked as far as I know so I have a hard time believing this is the hold up. And if it is being reworked, I have fears that we (and the market) have several unknowns (new terms) to digest. What is everyone else's thoughts?

I stand by my opinion given August 1st....the delay is VENEZUELA.

We know that Hugo is a stupid, greedy imbicile, with no business sense that steals things and has no respect for contract law. We also know that he has gone on record, and demonstrated thru his actions (i.e. Ridiculous Bank Gold Sale Law that makes it impossible to mine at a profit) that HE WANTS THE GOLD.

The exchange rate is another profit killer.

Take your pick. It's not the lawyers...that's for sure.

As far as China goes....a 2.5 million dollar LOAN for 2\3 of the asset. Talk about no skin in the game. The only people with less skin in the game is KRY management. If Hugo wants to queer the deal, I'm sure the Chinese will be satisfied with a guaranteed supply of oil in return for their multi-billion dollar loan. Las Cristinas isn't going anywhere. They can always re-visit Las Cristinas after KRY goes bankrupt and\or dilutes to infinity to finance arbitration.

Having said that, I remain hopeful for a positive outcome.

Good luck to all!