One of the members of the community here continually asks me to comment about KRY. I don't have the time or interest -- mostly because (i) I am a trader and I don't understand why people would want to invest in Venezuela now that Chavez has taken indefinite control of govt, and (ii) the KRY promoters don't measure up to standards I feel are requisite to my spending hours to research and write. So I asked Anon (who is obviously long the stock at a high cost basis) to give me his arguments, which I publish here for him. His persistence won me over! But I will not personally get dragged back into this situation.

Feel free to add to the discourse.

#1 Gold is running out world wide and gold prices are yet to soar to heights not yet seen.

#2 Despite rumors and rumors only from the media KRY has a MOA in good standing with the CVG. This was recently confirmed in March's quarter release statement.

#3 $17 plus million oz's of gold will be mined despite a rejection from the environmental minister.If you add gold reserve you have over 30 million oz's of gold. How could that not be mined when Venezuela is desperate for money to maintain social obligations.

#4 Further social obligations and reduction of damage to the footprint was requested and answered by KRY. Ortega has stated that Hugo will be the one to give the go-ahead to begin mining.

#5 Sans said that not only will gold mines such as Las Cristinas begin in area K88 but also that all miners will be moved to the area. What does this say and what now are we seeing regarding miners being moved and hearing regarding Hugo's last meetings with Iran, Russia and China.

#6 There could be either a JV or a complete buy-out of KRY to acquire the rights to mine Las Cristinas. Either way at the current share price this is a win-win for all shareholders as international arbitration would be bad for all parties, including the Venezuela.

#7 Now take in to account that the Russians RML have not even acquired a permit for mining except those which were obtained from mergers and you can see its all mining projects in general that are being held up and not just Canadian etc. There appears to be a roadblock as far as MIBAM and MIAMB clashing heads and battling over power. I expect you will see going forward that the MIBAM will have total control and responsibility over all mining projects. Venezuela has the best mineral supply in the world and this mineral supply is now being auctioned off by Hugo as JV. The best is yet to come. Despite the delays caused by incompetence due to ministerial changes, that is about to change for the benefit of all parties.

#8 Now despite take over attempts of GRZ, RML is now incapable of bidding for GRZ. We may eventually see KRY with permit in hand take over the entire deposit as one big mine or merge with KRY as partners to do so. This cannot be mined as one big mine due to problems with design,however, there will eventually be a social project for copper recovery involving the people of Venezuela. This was verified buy Gutierrez himself in a radio interview of what's to come officially as per Venezuela government.

As #2 on the list of total reserves and a MOA in good standing and verified, don't you think that at the worst Hugo and Sans would love to have Russian or Chinese partners willing to buy a mine that has been approved at all points except the legally challenged mess up of the final permit. That permit which has already been approved and bond and taxes paid in full, as well as accepted.

# 9 ..What more could anyone ask for from a potential gold mine located in the areas of governmental risks. Now that Oil has died, gold and mining will be the salvation of all social projects. These two combined make Venezuela #1 in the world for resources and potential revenue.

ALSO, what has been the cause of the rumors coming out of Venezuela? The rumors involve Russian parties eager to drive the asking price of mining companies they want the opportunity to control. The stance taken by KRY and GRZ make the ideal opportunity for a cheap way out unrealized due to specifics in the way GRZ and KRY can be taken. Just ask RML about this as they just got embarrassed beyond belief. Now look into Russian technologies and their just may be a way out but for a reasonable purchase and not just a hostile bid. The Vens. want these projects going for the sake of the people involved so the delays are about to come to an end as per Hugo's comment that Las Cristinas will be mined this year. Also keep in mind that Las Cristinas includes the entire K88 area which all small scale miners are being moved. Look at the gateca official logs and you will find that these small scale miners are indeed being granted mall concessions throughout the area. /end