Moving the ball down the fieldI think GWY is doing what they can within the situation they are presented.
- They got their resource estimate out on Cali.
- Have secured 100% of the concessions. If you listen to the corp presentation at https://www.wsw.com/webcast/vir10/gwy.cve/ (thnx fisherman for posting) they indicate the deal is done with the concession owners and is just going through the government approval process. Also it "sounds like" they want to move ahead with Vetas and Cali is a done deal to Batista. Again just my opinion.
- Drilling put into neutral until deal done (again my opinion)
They got a 10 million loan without any security required, they secured 100% of the concessoins in Cali, they setup golden parachutes in case of change of ownership, have secured land fraction ownership within AUX. I believe the only thing holding up the sale of Cali and maybe the whole company is Eike waiting to finalize his Qatar deal. GWY has done what they need to get the sale done but have to sit on their hands until Batista gets his billions and cuts us a cheque. The AUX sale is probably contingent on getting the GWY Cali lands since they aren't going to fork out 2 billion and have GWY lands holding up things.