Andrew McCreathVentana Gold CorpVEN.TODON'T BUYMar 22, 2010
There questions on ownership, which he expects will be resolved in their favour but would not be a buyer at this time until there is better clarification.
Settled the La Bodega arbitration/acquisition of La Baja gold property in Colombia, which was good. Now have to march on with the development of the mine. Overall, an extremely favourable situation.
Colombian gold company with a resource being developed. Dispute with owner of property, which has to be reconciled. Looks like a bit of a cash grab. There’s an overhang on the stock because of this land ownership issue. It could be a volatile stock.
Located in Colombia. Made a very significant discovery. Have the La Bodega vein, which is all right but extending from that, he believes a separate system, La Mascota that has been pulling some very nice drill intercepts that pushed the stock up but has now dropped back because of a legal dispute.
Lot of aspects to this company. In the exploration stage and has come up with a bit of a head wind on an ownership dispute over the land holdings in Colombia.