Score: Batista Won - GSL 0
Goal: Batista: Assists: Colombian Minister of Mines; Colombian Minister of Environment
Forall the posturing by Uribe and Santos about creating jobs and theintegrity of the mining process, where are they now. It highlights thefact that GSL has run headlong into South American corruption andneither Uribe nor Santos can control Ministers and their officials, itis palpable that neither has stepped into this event. The stagedopposition by paid thugs is obvious to anyone in Colombia.
Havingsaid all that, GSL had to know that this was coming and should have acontingency plan ready to go. That would be good management. GSL has tomake a statement quickly to raise the comfort level of shareholders. Icannot wait to see it, I hope they take the gloves off and put thespotlight squarely on the Colombian Government. None of this secures a mine for GWY which is years away from applying or a permit, but Batista will no doubt step in before that.
He obviously has permit guarantees or he would not have invested 1.2 billion dollars in VEN.
The GSL situation is sorely reminiscent of Crystalex in Venezuela!