RE: Nice moveI would say it's an extreemly high risk move. Could pay off in big dividends down the road or could be bust. Just check out what happened to Crystallex KRY.to. The Government of Venezuelais not playing fair.
I sure hope they don't spend money on exploration since if Iwas the governement and I want the property fully explored then I would wait till the company spent the money on exploration and proving up resources and the swoop in on them.
On the plus side if they do manage to get a permit without the governement expropriate them, then this deal is huge. Time will tell on this one.
On the down side if the Government of Venezuela does screw Coro, then they still have cash in the bank and other properties.
It will be interesting to see how the stock reacts. My guess is not much of a reaction but I sure would like to be proven wrong.
MM