RE: GWY - CVZ Update. Consolidation? It is indeed Galway as they mentioned this dispute in their sep 16 press release:
Galway Alerts Ingeominas & Mining Ministry on Improper Concession Dealing
Galway also today advises it has caused legal counsel to provide written notice to Ingeominas (the Mining Ministry of Colombia, Agency) advising Ingeominas of the improper attempts by the concession owner to deal with its license 090 - 68 Concession. Galway expects to receive definitive response from Ingeominas within the next few weeks. The license 090 - 68 Concession is subject of an option agreement. Galway became aware of the improper dealings by the concession owner as a result of a public announcement by another listed mineral exploration company. The location of license 090 - 68 can be viewed in Figure 1.
the problem is who is in the right? anyone remember what ventana had to go through with the santana family? outright blackmail yet ventana had to pony out extra dough and shares to avoid a potentially very bad situation.
columbia is improving as a country to do business in, but there is still a bit of risk.
drog