That's my contest pick, the flakiest thing in sight heading into New Year's, so much for my chances this year, lol ... but then, they've been suspended before for late filing, and there's nine months to go ... the whole project is on hold anyway, until the bureaucracy comes up with a decision, and in the Venezuela of Chávez it's not wise to hold your breath waiting on such things, been years now ... it was a great trader for years, wild swings, first round trip in it i got near a triple in a week or less
You have to wonder about Sandner's commitment to the effort, and/or his competency in actually building a company and not just talking about it ... they had serious professional allies once, Seabulk among them, those guys move major amounts of aggregate and were very interested - lots of market around the Caribbean for construction material ... they may still get involved when something happens, don't know, but likely have shaken their heads and forgotten about it by now ... the project is quite robust, and straightforward, simple industrial operation, hoover up sand and gravel from under the reservoir, get placer gold/diamonds/rutile from it, then sort/crush/etc for the various aggregates ... poco's right though, this sort of thing tars management real bad |
