The article went continued that Chavez confesses that some mistakes have been made with laws on the Venezuelan books and they must be changed.
One comment he (Chavez) made ... and I quote ... “to err is human!”
It caught my attention for two reasonsL First, most people in the U.S. don't view Chavez in this way ... I guess there are a host of reasons why this is the case, from comments made by Chavez to his actions and positions on world affairs. Secondly, how on earth can Chavez resolve world hunger issues when right in his own backyard record poverty levels exist.
Thousands of Venezuelans are starving and looking for employment and food!
Right now thousands of miners are literally fighting for survival. Companies from around the world are ready to employ thousands and build an infrastructure. They have been put on hold because of a bi-polar environmental minister, Yuribi Ortega de Carriuzales whose actions are callous, malicious and unlawful as she has ruled against the infamous permit to begin open-vast gold mining operations ... all this after all other conditions were met, taxes paid and posting of a bond were completed. Thousands suffer needlessly.
Which reminds me of a quote by Norman Vincent Peal: ”empty pockets never held anyone back. Only empty heads and empty hearts can do that!”
Think about that quote Minister Ortega.
Military sent in a Human Rights were violated -- what a shame!
As recent as yesterday, the government sent in the military to remove poor people whose only way to earn a living is to mine. Women and children have been hurt and numerous human rights have been violated. The situation is so bad, right now, that the Canadian embassy, as well as other embassies around the world, are watching very closely how Chavez will respond.
The Canadian Embassy has both eyes wide open!
In fact, one official who shall remain annonyoumous stated “The Canadian embassy in Caracas has been following very closely the recent developments affecting the mining sector in Venezuela. In that regard, we are using every relevant opportunity to advocate and protect the commercial interests of Crystallex and of all Canadian mining firms operating in this market.”
With that in mind, thousands sit idle who could be working and wait to see how the new mining law will effect them.
While this is going on, the Venezuelan government continues to stall, make excuses, blame one another, lie and violate current law already approved by Chavez and the Venezuelan courts that would allow mining in the region to take place.
Chavez is looking to work with the new US president and I hope he does. However, when he makes comments like he wants to attract foreign investment while he is nationalizing the telephone, oil and steel industries, one has to wonder if he has been hanging around Minister Yuribi Ortega a bit to long.
Foreign investors are scared stiff, and unless Chavez wakes up pretty quickly, it may be to late for “ to err is human” as investors may have a better chance in Las Vegas.
Patience is a virtue, but this is ridiculous...
In my opinion, having done my homework on the issuance of the permit (which included speaking to just about everyone I could find from the small investor to the chairman of the board of Crystallex, government officials and reporters on the ground), Crystallex will get the permit ... the question is when?
I do not know exactly when, but my feeling is that we are very close.
The new mining law is going to be announced soon and I feel Crystallex stock, although spectulative, is a very good buy. As for rumors of a takeover, there is no doubt in my mind that after permit approval they will be bought out. In fact, there are several companies that have Crystallex on their radar screen right now.
Only you can now judge if Crystallex is worth the investment!
Dan Russo
dtr1029@aol.com
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Venezuela is facing the most difficult period of its history with honest reporters crippled by sectarianism on top of rampant corruption within the administration and beyond, aided and abetted by criminal forces in the US and Spanish governments which cannot accept the sovereignty of the Venezuelan people to decide over their own future.
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