Yes, it really is too bad for KRY holders that the company volunteered to revoke commmon shares. Would KRY being able to trade really help? GRZ SP has only trended down since just prior to their award, and continues to trend down. And, even though XOM received their award at a later date than GRZ, XOM seems to be getting paid off according to the news reports. Have not seen any news about Venezuela paying off GRZ. ??? Does this mean both GRZ and KRY have to go through a second arbitration like XOM, and as recently announced by COP?
Doesn't make any sense. But, then again, when did any of this mining in Venezuela ever make sense?
Fung's a genius - at taking care of himself.