RE:PP particsI was pretty happy to see Hite and Burnett both take another million shares. I'm in on this one too, so it helps give me confidence that the limestone sale will go through. It's taking forever, but dealing with South American agencies always tends to do that.
Of course there is still a lot of risk with this one, but if they pull off a sale and get some cash to cushion themselves for a few years without having to go back to the market, I believe there will be lots to gain as the sentiment will eventually change.
don't forget that there will be a new president in Argentina this fall and all of the front runners are more pro-business than Kirchner.
with some decent cash on hand, we could sit tight on most properties and maybe poke a few more cheap holes in the new shallow, high grade gold area at San Roque.
I don't expect a sale to happen before summer, but Hite put his money where his mouth is and seems confident it will happen.