As 2010 draws to a close I would like to wish Crystallex shareholders on this board best wishes for the holiday season and a prosperous New Year.
The Company has maintained their compliant MOC, obtained financing to get themselves through this 'quiet period' and have a proposed JV partner ready, willing and able to finance and build Las Cristinas. Obviously it would be nice to have real news, to know what is going on behind the scenes but I guess we must wait till a material event takes place before we are informed.
I'm told that the Chinese authorities have been informed by Venezuelan officials (again) that CREC/CRRC are deemed acceptable investors/JV partners. We know that Crystallex and CREC/CRRC have completed their lengthy legal discussions/paperwork, that Venezuela is supportive of the deal.
My own belief is that Venezuela does not want us to file for arbitration thereby forcing CREC/CRRC to walk. That would represent a major embarassment on the part of Venezuela screwing things up. This is Venezuela's chance to get the mine site developed and to avoid arbitration.
Let's wait for Hugo to release his batch of decrees in the coming days because contained within them could very likely be news for us.
Teutracker
