Nomar,
You're absolutely right and that wasn't the object of my posting it. Ian asked for information on Fung, so I posted it. No matter how good someone is, when you're dealing in a sh-t hole like Ven. there are absolutely no guarantees.
BUT......see that's a big BUT....if anybody has a chance to pull this off, it's Fung. At this stage it is far to late to worry about whether Fung has the credentials to be entrusted with the responsibility of our investments.............that's done....the horse is out of the barn.
If Hugo says "Go To Hell" you are not getting my gold, there is nothing, absolutely nothing that Fung or anybody else can do to change that.......except prepare a case that makes it so difficult for Venezuela to get away with that approach that they'll choose wisely not to go that route. That is Fungs' brilliance, to have the discipline to carry out their plan to the point that even Hugo has to admit, that we're in full compliance with our contract and in doing so, has guaranteed us as shareholders, recourse.
Either there is a deal, in which case our shareprice increases or we are awarded our compensation by the ICSID, which will be enforced by the W.B. As long as Venezuela sells their oil to the world market, they are vulnerable.
Like I said before, never fear, either way we'll win. If you are worried about financing, don't you think Fung's finance buddies can see through this haze.
It's rudimentary Watson..............rudimentary
EZ
Loading...
Loading...