RE:RE:RE:RE:“hot potato” by Paul Harris
Hi Mr. BatmanCobra.
I think you are the one that has proved your stupidity by requiring 3 posts to make your silly point. You obviously cannot grasp more than 1 concept at a time. Not sure where you popped out from these last few weeks. Another Shiff alias?. There is a lot of anger on this board and it sounds like some folks have everything including the kitchen sink and junior's college money invested in this junior. Bottom line folks is that when EOM management sent that official letter to the government about possible legal action that shows that things do not look good. They would not have done so knowing the negative goodwill it will show going back to the old Greystar days. They had no choice. Who knows, maybe the government feels that they can drag this on for a few years and may have a case. If the government loses, which is no guarantee, the Company must seek legal action in various jurisdications to seize goods and services. Under the worst case for the government they could then settle assuming they lose and this could be a few years from now.
Shiff proposed that the lines of paramo may be redefined to add more resources. However, I find that a political firestorm for Santos in terms of future elections. I hope there is something positive that comes out of this however I am not very optimistic. Folks you can continue to make silly posts or face the fact this will be a long process. EOM has obviously stopped its prefeasibility study since you cannot complete one with zero reserves. Yes zero reserves. The resources they have cannot be converted into reserves considering you cannot mine in the paraomo. This in terms of 43-101 rules means EOM has only resources which cannot be used in a PFS level 43-101. Sorry folks. I have been long for 3 years and will let this ride but not holding my breath. GLTA