Just a few thoughts on how this is evolving...
Over the past wks. I have been discussing investment matters with a number of professionals who are of various 'stripes' including pro
traders, investment salemen(persons) and managers and all have very well informed, experienced, ethical and successful careers working in the major markets.
KRY has become unanimously referred to as a buy and hold on the short string and the long string with the proviso that the whole deal could become unravelled in the blink of an eye - that is not to say that it will - but the investment and regulatory culture in Ven. are the important mitigating factors. The enforcement ruling is important in the near term, however the measured approach that the KRY team is taking is the only way that that they can truly succeed, in my and others opinions. They have learned their lessons much better that the majors and this deal will 'unfold' in good time. Patience is the only relevant issue and when measured against risk, time will likely favour long term investor - imo handsomely and despite market volatility. The chance of this becoming unravelled is slowly diminishing as time passes, as RC has inferred in his articles. The 'moon landing' article makes ultimate sense in light of this approach - let's see what happens and let's hope that PDG, the company, does NOT become victimized by events that are not of their own making.
Dismissive negative speculation, IMO, will only damage progress for KRY not to mention the best intentions of DMW, GLR and others in the region. KRY has chosen to respond to all negative allegations with professionalism and in the interests of maintaining company integrity - and as time goes by, it's beginning to dawn on me ,besides the obvious, why this approach has been taken...
Manana has it's detractors...but I am no longer one of them.
regards,
am |
