Garimpiero

Venezuela Looms Large in Gold Reserve's Slide

After the debacle with Russia basically confiscating the Dukat property from Pan American Silver, I would not touch that country with a ten foot pole. As for Gold Reserve, I have gotten the impression that the company has bent over backward to get production going in Las Brisas, and for its efforts been given a most un-business-like run-around from that country's Byzantine bureaucracy- they think maybe they will reward their great Russian buddies for helping arm them, but they are fools. President Chavez has achieved the dubious distinction of killing the golden goose before it got to lay its first egg.