We have never really been able to say for sure (beyond apparent stupidity) why exactly the Vens decided to string us out and finally cancel the contract. I have wondered whether that could be because at some point after the discussion with the Cinese began, they managed to acquire some of the bonds and now "believe" that with KRY's default on these bonds they can acquire majority ownership and control of the project for an awful lot less than by settling the arbitration claim.

I don't think anyone in charge of anything in Venezuela is that smart.