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Re: risk on post# 89302

Tuesday, 07/29/2014 1:10:07 PM

Tuesday, July 29, 2014 1:10:07 PM

Post# of 101798
Risk,

Those are very good questions. And, if history is our only guide, it would be hard to have a positive outlook on this situation. Too much material has been dredged over the past years for us to not have any revenue out of it. the only conclusion I can come to, outside of nefarious alternatives, is a struggle with the export process and mining permits. All of the gloss thus far has been related to all of the tertiary dependencies and have not dealt with the legal aspects in country. Furthermore, the addition of Dredge, is probably great for our ability to mine the rivers, terraces and other aluvial sources. However, I have never heard Dredge talk about export, processing and international transport. I don't think this is his area of expertise. Essentially, we have a rookie management team dealing with a really challenging legal process. Of course, I could be completely wrong and Ol' Garrett has been pulling our leg all this time...I just don't think so. If I did, I would have sold and moved on, obviously.

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