RE:news release Unless there is actual facts about the delay, we can only speculate. Everyone is going to have their own opinion as do I have mine. I have emailed and gotten no where with answers as of yet, so I will throw in my 2 cents as a long term investor, on my interpretation of the news.
#1 tailings permit: In foreign country's cash is king. Corrupt or not, I see government officials holding the permits ransom for more money all the time. It happened with majestic silver, and another smaller gold company I was in that no longer exists after buy out.
#2 removing themselves from the Victoria property: This company currently is not raking in profits. The Victoria property costs money and they don't have a lot of it. If they are all in on the El Darado and El Oro properties they need every last cent they have raised to get it going. Not paying bills on Victoria means they have more money to dump into Mexico, that's exactly what they have done.
Sun river can't keep paying XALI money if they are not running the tailings, so to keep money coming in, they will do what they can to help sun river get that project moving. This maybe means dumping a little more raised cash in to getting those permits approved.
Once tailings is up and running, XALI finds a partner and they drill for their final feasibility study, then mining permits get approved, all of this will sell for somewhere between $3-5 per share.
If your in for a long haul and have bought for less than .10 you can make a very nice profit. If your looking for a quick
couple of $$$, this is probably not for you. We are at least a year away from seeing something in the range of $1.
This is my own opinion and not based on fact. But I have been in the penny stock and mining start up trading for quite a while. This is the same thing I see over and over. Patience and being able to not miss a few thousand of trading money for a year or 2 at a time is needed with most of these. Even then, sometimes little profit is turned.