Crystallex International

Welcome to the Crystallex HUB on AGORACOM "Crystallex International Corporation is a Canadian-based gold producer with operations and exploration properties in Venezuela."

over 13 years ago

"for reasons of opportunity and convenience".

There are many reasons of opportunity for VN to be rewarded in a new contract rather than be stuck in the old MOC. The convenience of starting from scratch gives all three parties a greater opportunity to come to an amicable conclusion.

All hope is not lost. In my humble opinion this was a planned move in order to ensure VN got a larger piece of the pie. The current MOC gives VN only 3% at most depending on the price of gold. A new MOC or VN agreement with the newly arranged JV SubCo between Crystallex and CRCC would give VN a bigger cut. That's where this could be going.