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You can make innuendos of poltically motivated backroom dealings
all you want, but this is NOT what is happening. This is a procedural
issue - and a procedural issue only. If you read the ruling more than
"briefly" as well as all the other rulings that precede it, you will
discover that Mael and thus KRY have been recognized as legitimate
and legal owners of the concessions by the Supreme Court and that
this same 5 judge Supreme Court PAC ordered this to be published in
the official Government Gazette, earlier this summer. What is
happening now is that Mael is successfully petitioning that the
Ministry of Mines' awarding of permits to CVG/Placer be rescinded.ALL
of the petitions were accepted by the Supreme Court, eleven by
admission, and three by appeal which in Venezuela is again a
procedural issue and does not imply the 'overturning' of any prior
decision or favourable ruling toward CVG/Placer as it would in the
US. All of these petitions will now go before the 5 Judge Supreme
Court PAC which has ruled three times in Mael/KRY's favour and,
to repeat, ordered the publication of KRY's ownership in a special
edition of the official Government Gazette. This has been published.
For you to imply that now the removal of Ministry's permits to
CVG/Placer will not be enforced by the Supreme Court PAC, due to
some corrupt backroom dealing, when the whole investment world is
watching would be shocking, and in light of Judge Acuna's recent
attempts to 'clean-up' the country's bribery and corruption image,
and in light of the previous PAC rulings in favour of MAEL, is
ludicrous. IMHO, this will never happen, and Placer's palsied attempts
to put their own favourable spin on last week's Acuna rulings, is
truly a last gasp. |
