GW, if you don’t mind me asking, what you will do at arbitration announcement…
I dunno.....probably curl up in the fetal position for several months and hope that shock therapy works.
It is going to be very difficult for me to sell after all of this. I'll probably still hold on in the hope that arbitration prompts Venezuela to negotiate some kind of number that will mitigate or even eliminate my losses....or in a perfect world pay me something for my trouble. My cost basis is $1.05\share. This is a very large gold mine with cheap energy available. Gold is an asset that Hugo can use to back his currency in a highly inflationary environment (and it's not like he doesn't need the money). Others will be interested in paying for this deposit as long as they can be assured they'll make money on the deal. After all gold is in very short supply and the price is in a long term uptrend. If Hugo is willing to offer his commy friends these ironclad assurances then I think that Fung can use Arbitration to push thru a deal for at least a buck a share. If Hugo has no out of pocket...and the Russians\Chinese get 50% ownership at a firesale price....then what's not to like? He's doing business with his communist friends and everyone is making money.