The other thing to remember is that to close in the 4th quarter the mailing will need to go out in November, probably by the 21st which is a month away.

If this deadline is missed there will be some serious questions that need to be asked.

If the deadline is missed, I think we can thank GRZ if you believe the buzz about resolving the Las Brisas issue before moving ahead with Las Cristinas. As Mr. Ballenger stated...they are negotiating from a position of relative strength (holding the loaded arbitration gun in one hand). Now how does this type of thing usually work? Does the last guy on the block that sells his house to clear the way for construction of the regional super mall get more or less money than the first guy that sold?

After "giving away" 2\3 of Las Cristinas to the Chinese, it would be a real bite in the @$$ to find that GRZ was the holdup in this whole fiasco. When all the dust settles, I wonder who was able to negotiate the better deal (on a dollars per ounce basis).....GRZ (the fly in the ointment holding the arbitration gun to Hugo's head) or KRY?

In any event, if there is a delay beyond mid November, we'll be back to arguing about the prospect of bankruptcy and what options are available to finance our enterprise going forward. In that event, one could argue that GRZ outflanked KRY by opting for arbitration early on.

As is always the case, if there is a delay, shareholders will not be told the real reason. We'll just be fed the same tired, old, cold platitudes.