How anyone can say that our situation is anything other than dire given the FACTS released in the quarterly report is beyond me. Any positive sentiment comes from assumption....since nothing positve was released. Personally, I'm not doing cartwheels down the hallway upon hearing the news that we can survive a few more days by cannibalizing our equipment at dirt cheap prices.
So we engage in hypotheticals to keep our spirits up. We have no FACTS to keep our spirits up.
Having said that...here is my warm and fuzzy "hypothetical" thought for today....One would think that Fung knows the type of poor excuse for human excrement that he is "negotiating" with. Fung must be aware that delaying filing for arbitration to this late date has hamstrung our ability to finance arbitration and brings us one step closer to bankruptcy. Presuming he is the sincere, standup financial genius that some say he is, one would think he has a "Plan B" for financing....notwithstanding the disclaimers in the quarterly report. Perhaps his "Plan B" (if negotiations fail) is to team up with a "Dutch Uncle"....like a Barrick or Goldcorp waiting in the wings that would buy us and hold us or take a cut of future profits to gain control of the MOC and wait for Hugo to pass into the trash bin of history. We could then continue to honor the MOC....take care of our bondholders and "dryF*ck" Hugo in the process as he watches helplessly while the price of gold skyrockets. That would leave Hugo with one alternative if he wanted to mine the gold (presuming he could find someone with the wherewithall and desire to do that...with associated extensive delays)....declare the MOC null and void for whatever reason (there were a couple of possibilities detailed in the quarterly report) and physically seize Las Cristinas....at which point our Dutch Uncle drops a dime to the most expensive Washington legal firm in the phone book to tear Hugo a new anal orifice in International Arbitration Court.