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12/22/16

Randy Reifel's Gunpoint Exploration (GUN.v) has its Guatemala concession suspended

What a complete surprise that Randy Reifel (Goldcorp et al) has been playing it fast and loose in Guatemala, cutting corners and trying to sneak concession ownership past a local community that doesn't want mining activity on its lands. Not.

No, the surprise isn't that. The surprise is that Guatemala is cleaning up its act and not allowing the dirty, sneaky underhand methods used by Reifel and his like to prosper any longer. The community of Las Casillas has been fighting the concession awarded to Reifel's vehicle Gunpoint Exploration (GUN.v) for many years because according to them, GUN.v ignored the rules and didn't consult them on their plans before getting its "El Escorpion" concession (called locally 'Las Lajitas'), a 900 hectare block that sits right next door to Tahoe Resources' (TAHO) (THO.to) Escobal mine. And yesterday The Constitutional Court of Guatemala agreed with the locals and slapped a three year suspension on the Lajitas /Escorpion concession. So ha ha, Mr. Randy, no fish today.

The fun bit is Tahoe of course, because their locals have been fighting that concession for years to, and one of the legal actions against Kevin MacArthur's band of funboys is exactly the same, no local consultancy before it happened. And by the way, that thing TAHO tried to bullshit you with recently about the protest at La Cuchilla being all resolved? Don't believe it for a second, the locals are about to put in the papers to demand the closure of the mine with Guatemala's Mining Ministry.