We are Bleeding to Death yet Again It is evident now that the gold on these properties will never get out of the ground in Colombia and this piggy called EOM is bleeding to death.
Clearly, their governemt cares 0 as the country is sustaining a large boom in tourism and other revenues. Mining and oil are taking the backseat for a new Colombia as they emerge from violent rebel years. There is a lot of backlash from environmental mining disasters like the one in Brazil and countries will be reluctant moving forward forever in South America.
It looks like EOM will bleed slowly to death and life support will only keep us alive for a while even with new offerings. If we try to sue their government we will get absolutely squat compared to what everything thinks they are owed. Management will run and take our money as bonuses and move on to new companies like the leeches they are (capitalism is great right?).
It was a gamble everyone took, and I underline a GAMBLE. Bankruptcy is one of those things that hurts in this situation but it was worth the shot over the years on Greystar, EOM, whatever you want to call it.
In the meantime, Schiff will continue to lose his marbles in the room he sits in thinking we are worth something and one day will see profits. Generally, I believe we will all be dead before we see the resolution we all had hoped for 6 years ago.
Oh well, you win some, you lose some.