EZ - Your version of events came straight from Roy Carlson who got his knickers in a knot when GRZ refused to support his rag. At the time he bad mouthed GRZ and was the poster boy for KRY, that is, until Russoro made him a better offer... Roy Carlson's version was also repeated by Hugo in general terms aimed at all the international miners, not just aimed at GRZ.

So your whole concept is based on information from Chavez's speeches and Roy Carlson's vindictive attack. In fact GRZ put a great deal of their spare funds into Bolivar Gold and made a tidy profit when GFI took over. It wasn't in T-bills at all. It was a smart move and it paid off.

GRZ also always raised the funds they needed when the market was good, reducing dilution, and not waiting until they were out of cash and at the mercy of the Bay Street barons who prey on companies desperate for cash who wait too long to refinance.

You have confused good management with stock promotion. Brisas would have been profitable, very profitable, at todays metal prices. Las Cristinas also would have been a good mine. Both KRY and GRZ used the same engineering firms and the figures for both projects were sound. There is no point in the shoulda, coulda, attitude. Hugo Chavez was the problem for both companies. One just handled the problem better than the other.

That's all!