Gold Springs Resource Corp. (GRCAF)

[downsideup]

Looks like the company has tired of playing nice with the thieves and criminals down in Bolivia...

First, they've just fired the former "nice guy" CEO:

http://markets.financialcontent.com/stocks/news/read/22022151/South_American_Silver_Announces_Change_in_President_and_CEO_

Then, there has also been a change of tone that has occurred right along with the change in leadership:

"In Bolivia, the Company is aggressively pursuing all options to maximize the value from the Malku Khota project and intends to pursue compensation for the fair market value of the project through international arbitration."

http://finance.yahoo.com/news/south-american-silver-files-second-222000553.html

SOHAF had already done quite a fine job defining the value of what has now been flagrantly stolen from them... in violation of Bolivian law. They'd JUST gone through the motions of validating with Bolivia that they'd done everything properly, and properly owned the rights to the resource...

So, now, they need to go after Bolivia in court, to get them to pay SOHAF the fair market value of the resource that was stolen, plus damages, following their wrongful taking of it...

Will be interesting to watch and see the evolution that occurs in their legal approach to that effort...

They also just put out current financials: "As at June 30, 2012, the Company had working capital of $31.8 million, including cash and cash equivalents of $32.3 million. With these funds in place, the Company is in a strong financial position to expand activities at its Escalones project, to pursue compensation for the fair market value of the Malku Khota project, and to pursue other corporate initiatives."

FWIW, my take on the fair market value of the project that Boliva stole... is in the neighborhood starting at $2 to $3 billion dollars, up to $6 billion dollars...