I could be wrong, but I don't see a buyout happening right now. Why would the Chinese work on a JV for over a year then change direction?

I could definately be wrong as well....just throwing this out as yet another hypothetical reason for the delay...

A. The Chinese have virtually no skin in the game...a 2-1\2 million dollar LOAN

B. Hugo has to deal with the GRZ arbitration issue and a China\KRY deal wouldn't help that situation.

C. GRZ has money to fund arbitration and is in no hurry to take a low ball offer in light of the fact that they are well along in the process.

D. Hugo prefers the joint venture model....Venezuela with commie partners.

E. The mine is not going anywhere nor are the Chinese. They can work another deal with Hugo down the road after KRY pays back the 2.5 million dollar LOAN.