News out - Not very good for EOM, but good for us EOM is going to take a hit tomorrow. I think this will benefit us greatly however since we are not affected by the paramo.
Key excerpts;
In the Resolution, the ANM indicates that approximately 54% of the Concession is located in what they regard as Santurban paramo based on the cartographic information contained in the National Mining Registry prepared by the Von Humboldt Institute (Instituto Alexander Von Humboldt or "IAVH")) and, on that basis, have extended only the remaining 46% of the Concession for 2 years, until August 8, 2014.
The portion of the Concession that was not extended and that is to be returned, pursuant to the Resolution, contains approximately 70% of the Company's Angostura deposit.
https://finance.yahoo.com/news/eco-oro-minerals-receives-decision-023953005.html