Depending on where you place your focus this report gives both sides what they want.

For those who believe or want to portray doom you focus only on the statement that Kry has enough money till the end of Q2 and will need more to continue operations. If that is all you got out of the report you better sell asap.

Now if you want to factor in the positives into your decision you have a different picture. We have Kry saying they strongly believe in the project and that the will get the permit.

We now know that Kry made a deal with a Strategic Partner for a short term loan before year end. For everyone that said why would somebody loan Kry money the answer is because they are interested in the upside benefits to running a 30 million ounce gold mine. This same Strategic Partner will IMHO be involved in the project because they are another mining company. This is why Kry has moved JV partner to the top of their list when discussing how they will raise funds.

Put this together with Sanz comments yesterday about Kry still being in the mix for mining in VZ and I draw a different conclusion than we are broke and I need to sell.

Here is what I believe but please remember it is only speculation on my part. Fung has a memorandum of understanding for a JV agreement with another company (Chinese) but can't announce anything until VZ signs off on the permit. VZ knows who the partner is and they also know the partner will continue to support Kry financially so forcing Kry to bankrupt isn't an option.

VZ has accepted this JV or they never would have come out publicly and said Kry has a mining license for part of LC and was still being consider in the plans for LC. Kry has made it clear in their wording that they believe they will get the permit and mine LC.

I'm sitting tight on a bucket load of shares right now and certainly won't be selling till I see the final pieces of the puzzle in place.

I need to get back work so won't be around for a couple hours. Hopefully when I get back the share price will be back in the 40s.