RE: RE: Hope?I think the investment community is falling out of love with Colombia. Regarded as secure and investment friendly, I think that has turned around with the GSL fiasco and AngloGold's complaint about the red tape permitting process that has delayed operation by at least two years. Having considerable experience countering corruption in Africa, South and Central America and Asia, any time you have "red tape" it is indicative of a multilayer bureaucracy that requires greasing the process at each level. Red tape facilitates corrupt activities. I have no direct knowledge of the situation in Colombia but the environment certainly lends itself to bad practices.
In the meantime, I see no motivation by the Government to streamline the process. There are probably too many vested interests. Everyone is aware of the Amber capital strategy since they got control of GSL. They have brought high powered Colombians on board to interact with the Government to get things moving and to deal with the politics.
Having said all this, I am not saying that GWY is a bad investment. It is just a fact of life of doing business in a third world country. You just hope management is able to cope with it.
I do recall that Brent Cook was high on GWY early on, but since then GWY has not done what other junior miners have done. Namely, holding seminars for analysts to get their message out, or getting involved in any of the show and tell expositions by the mining industry. For some reason GWY has not taken an aggressive approach and it has held down the SP.
There will be an explosion in the SP and I will be around to benefit from it. But, it is very, very frustrating.