besalco, page-3

Nobody appears to know the truth with whats going on. Lies and more lies from all sides.

The legalities of all this mess are an absolute mine field (Pardon the pun)

That figure quoted would mostly likely be Chilean pesos, equalling ~ AUD$2.3mill

Here is some more Chilean press detail:

http://diario.elmercurio.com/2008/11/16/economia_y_negocios/_portada/noticias/86B377E3-37EB-4E25-8D28-9A5E276CF9E3.htm


http://www.mer.cl/modulos/generacion/mobileASP/detailNew.asp?idNoticia=CKN12NKKG120081116&strNamePage=MERSTEB006BB1611.htm&codCuerpo=710&codRev=&iNumPag=006&strFecha=2008-11-16&iPage=1&tipoPantalla=150

And Farkas talking to the local press:
"I am not a director of Vallenar Iron, nor am I a legal rep for Wyndham becuase the associates removed me from there when
the Australians fooled us. I feel terrible in front of my investors. What I am trying to say is that I made a mistake
in choosing the Australians. They promised to bring technoology and experts to Chile and they did nothing" according to Farkas.

BTW - I've lived in Chile, have Chilean family, and none of this shit suprises me, one iota! But then again.....PT is our version of Farkas!!!!