gw, i'm realllly trying to hold back my statements and choking down the "blind faith" in management by those who do not see an issue here.....
fact- credit is hard to come by these days.
fact- miners especially are having trouble obtaining financing.
fact- of all the high risk countries to invest in..ven tops the list.
fact- kry has a class action, a noteholder action and is on the verge of an IA...
kry mngt says financing is "not an issue".....
i think they're probably being truthful, "financing" is'nt an "issue" because it's impossible right now. no traditional type of lender would touch kry and dilution is pretty unlikely...i'm guessing fung's betting the farm on a direct sale/merger/settlement of some type with the russians/ven govt (aye corumba)...
we'll see...