Be assured, anybody who has the money to build this project will do it on their terms, not Hugo's. You can't allow a moron like Hugo the latitude to tell the mining companies how to operate a project of this magnitude, that's ridiculous.
EZ....it looks like we agree. The key here is financing. If Fung has friends with deep pockets standing by who will allow us to wait Hugo out as gold continues to rise, then we should be OK. Although we know we can't apply logic to the actions of the Keystone Cops in Venezuela, we can apply logic to the actions of Fung and deep pocketed gold companies\investors who may want a piece of one of the few remaining elephant mines on the planet set against a backdrop of future $5,000 to $11,000 gold. Worst case...they get a cut of the arbitration action. If you igonore the noise from the Elliot Wave crowd, it's a safe bet that when our corporate coffers run dry next spring, gold will likely be in the $1300\ounce range. From that point of view....it would make sense not to drop the "A" bomb until we're at the bloody end of our financial rope (presuming, of course, that the "process" that we are presently engaged in fails), at which point we get a PR stating "A"...KRY has found financing to weather us thru arbitration and "B".....KRY is formally filing for arbitration....filing for arbitration based on a MOC asset value of gold at $1300\ounce...not $1000\ounce or whatever it was when Doug B filed.
The more I think about it....the more I find it impossible to believe that Fung mis-stepped by not filing arbitration 6 months ago. He had to know that he had a "Plan B"....a source of financing (perhaps even a previously tabled buyout offer...shared profit arrangement, etc.) that gave him the balls and the confidence to stare the Venezuelan weasels down KNOWING that he could simply snap the latches on his briefcase closed and curtly advise them that KRY would announce arbitration on or about the end of next quarter if they did not accept his bottom line offer. After all....why take all those long plane flights back and forth if those knuckleheads weren't even considering Fung's FU offer?
Either Fung has a "Plan B" or he is a stupid A-hole on stilts.
