GSL.to five day chart: Is there a problem, officer?The whole Greystar (GSL.to) news release is right below on the next post, but I think this little passage from the DJNW wire report (sorry no link yet, this is off the wires) really sums up just how deep in the doo-doo Greystar is:
"Greystar said the ministry wants the new Angostura EIA to adjust the occupied area to an elevation below 3,200 meters. As currently designed, almost all of Angostura's facilities and infrastructure are at a higher elevation, Greystar said, and half of the proposed open pit is above 3,200 meters.
"It said the request would require the Angostura project to be completely redesigned, "including identifying and acquiring new land positions to house displaced facilities and initiate new environmental base line studies." Greystar said it hasn't had the opportunity to determine the feasibility of redesigning the project, but that the requirement "will severely impact the project schedule and may have a material effect on its economic viability."
It's like the Colombian government suddenly says, "Hey dudes, you know all that stuff you got above 3,200masl?...Y'know, the stuff we said would be ok to put there and the great big fat hole you were planning to dig there? Yeah, well....it's like....errrr.... we've changed our minds. You can't do that."
So what stunt are these government suits going to pull next, eh? People investing in Ventana Gold (VEN.to) and Galway Resources (GWY.v) just next door have obviously thought that question through this morning already:
How they laughed at my constant "avoid Colombia" calls. How they chorlted when I told them Colombian political risk was being wildly underestimated by the junior mining community. How they guffawed when I pointed out that investing in a country without a tradition of formal, large-scale modern mining is a risky business. How you feeling now, newsletter-writing dumbasses? Where's Frank "Colombia Risk Free" Holmes and Thom "I know Colombia" Cassandra when you need them, eh? Do me a favour you two (and all the other ignorant country pumpers) and...
How they laughed at my constant "avoid Colombia" calls. How they chorlted when I told them Colombian political risk was being wildly underestimated by the junior mining community. How they guffawed when I pointed out that investing in a country without a tradition of formal, large-scale modern mining is a risky business. How you feeling now, newsletter-writing dumbasses? Where's Frank "Colombia Risk Free" Holmes and Thom "I know Colombia" Cassandra when you need them, eh? Do me a favour you two (and all the other ignorant country pumpers) and...
