Post by
cloreenbaconskin on Feb 24, 2016 7:58pm
Update
Currently, Guy is in Hong Kong. His goal is to find the main authoritative figure in CIF's finance department. As previously stated, CIF's chairman was arrested last October and since then the CEO and COO of CIF have resigned. The CIF representative WAI has been dealing with thus far lacks the authority to make significant decisions. Guy will determine who is now in charge of CIF and deal with that person directly.
My opinion: with the organizational chaos in which CIF now exists, it makes sense that CIF would rather focus on getting structure back, formalizing who is in charge and announcing who that person will be. Why they would want to prolong any non-core issues to them such as this deal with WAI is baffling. They should sign off on the deal with Guy and get their own house in order. We need to move on from CIF and advance on this new gold project. With the global economy chaos and potential negative interest rates worldwide, gold should outperform many other commodities by a large margin. WAI's new gold project could be even more valuable than anyone realizes.