GoldRev,

No, your wrong. IMO,It's the other way around! KRY 60%, 40% Venezuela. IMO , if you change the terms of our contract, you may be aiding the Bondholders in their lawsuit.

Again, I say, KRY should give Notice that KRY is going for Arbitration on the first day after the 6month Notification expires, which is May 28th. This will stop ALL negotiations and will leave the settlement up to the ICSID (International Center for Settlement of Investor Disputes).

In other words, adhering to the Rules of the ICSID, Hugo can negotiate until the 27th, and after that, only the Court will have jurisdiction. Venezuela has only TWO choices: issue the permit, or Arbitration.

Key question: Does our Management have the backbone to force the issue, or will they lollygag around until KRY is out of cash.

Enough is enough! KRY is finally in a strong negotiating position and should use the full force of ICSID to obtain recognition of our Contract, obtain an equitable settlement and finally get out of this mess with a Government that appears to lack any integrity.