7/3/12

South American Silver (SAC.to) at Mallku Khota: The situation just got worse

Further to the two South American Silver (SAC.to) engineers taken hostage last week and the fruitless efforts to get them released up to now by authorities, today Bolivia's La Razon reports that three more people subcontracted to SAC.to have been taken hostage by locals at Mallku Khota, bringing the total number of people held to five.

And new for shareholders from the company? Nothing. Except for a fast-dropping share price, anyway. Well, what did you expect from a guy like Greg Johnson anyway, mutual respect? In fact the way he's treating his shareholders up North seems rather similar to the way he's treated the Mallku Khota locals. He'll reap the same harvest eventually,  too.

UPDATE: And this new report states that locals have taken 20 (twenty) hostages in total, including 15 locals who were working at the Mallku Khota project campsite and three SAC.to workers, which added to the two taken last week brings the number up. Also the campsite was largely destroyed by the ambush attacked of 70 to 100 protesters, a Hi-Lux 4x4 taken away, radio antennae smashed and other types of mayhem. And yet again, all this info comes from the SAC.to company in Bolivia, in Spanish for the Bolivian population but zero zip nada nothing from the comapny for its Canadian shareholders. Ever get the feeling Greg's hiding things from you?