RE:RE:RE:RE:RE:RE:All FARC Weapons Turned Over By June 20th
Wrong again. The options on the table are as follows: 1. If the court ruling stands and the Paramo is not adjusted to accomodate the Vetas project, they are seeking compensation from the government to recoup our investment there. 2. They feel there is still a strong possibility, like many of us, that the court ruling will not be the be all, end all and the current Paramo restriction may be relaxed to accomodate the Vetas project (among others in the area). The option agreement is still valid and everything is in place for them to acquire the titles, should the legal climate change. 3. In the meantime, they're exporing other potential projects of interest and have sufficient cash on hand to pull the trigger, if and when the time comes AND they decide it's time to give up on Vetas. In the mean time, they remain well capitalized for any one of the above scenarios. Check the financial statements...in terms of you other comments, option 2 is obviously the end game. Why waste money on legal fees when there are bigger guns out there picking up the fight and now is not the time to walk away from this project to pursue something else when the mining situation hasn't even been clarified. Plus they'd be better served merging with GWM now that they're focussed on gold as well if they were prepared to give up on Vetas. We are in limbo in a sense but it's just a waiting game until Colombia can finally get their fecal matter together and straighten out the legal framework. Anyway, the bottom line is Galway is most definitely still in Colombia until you here otherwise from the horses mouth. BH