GoldnBoy wrote: ron, good point. I made my biggest gains holding stocks 5 to 10 years and I think a few longer. It is easy to look back at a chart and see a better course. The tough part is to figure out what that chart will look like in 2 or 3 years from now
I just forwarded Katie the same question again,she's supposed to get back to me shortly,i'm very curious if she will,let's wait and see,as a shareholder of BTO,i deserve an answer.
Hi Katie,
I did more research and I remain even more puzzled,
I looked into this with some depth and upon the revelation in AngloGold's pre-feasibility about Zonte's claim block as risk.
thevault.exchange/?get_group_doc=143/151...erveforGramalote.pdf
On or about page 8 under 1.5 Legal Aspects and Permitting. I quote below:
""Gramalote has 17 Land Restitution Proceedings and although the risk is low the legal processes could hinder or delay some activities. To the date of this report, the legal proceeding that was filed by a third party (Natalia Nohaba Vallejo) against the administrative act issued by the Mining Authority (Antioquia Secretary of Mines) is underway. The Mining Authority (Antioquia Secretary of Mines) did not grant to third parties mining rights requested over some “corridors” existing within Mining Title 14292 area, which title holder is Gramalote. It is worth noting that the “corridors” arise from graphic defects of the Mining National Cadastre. Gramalote requested to become a party of the judicial proceeding abovementioned and recently it was accepted as such. With this, Gramalote will be able to support the legal and technical thesis stated by the Mining Authority (Antioquia Secretary of Mines) throughout the proceeding. Gramalote ́s legal counsel undertook a risk assessment categorizing the risk of potential impact to the Project, as low. If the legal precedent maintains, the status quo of the mining area should maintain as well. The “corridors” or graphic defects of the National Mining Cadastre are not considered as free areas, and in case they should be considered a free area, Gramalote would have a first right in time as it is the first applicant. ""
The third party is Zonte's partners. There is precedent in Colombia where Galway Resources -GWY- was awarded fractional claims from 'the graphic defects of the Mining National Cadastre.' It is my understanding that these are not defects but miners must use the National Cadastre when staking claims in Colombia to avoid the problems that now face Anglo. It is also worth noting that Zonte's legal council is the former minister of mining in Colombia and as such is well versed in the local laws.
Anglo advised you that Zonte's claim is without merit, but their public documents admit it is risk, even though it is stated as 'low risk'.
My other concern as a B2Gold shareholder is CEO,Clive Johnson has been talking up Gramalote publicly on BNN TV, but the company has not revealed in any public documents the about the risk. Depending what happens,it could expose B2Gold to class action lawsuits ?