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

Re: Initial Arb pr from both KRY and GRZ

over 13 years ago

Re: Initial Arb pr from both KRY and GRZ

Crystallex International

over 13 years ago

Re: Initial Arb pr from both KRY and GRZ

Crystallex International

over 13 years ago

Initial Arb pr from both KRY and GRZ

Crystallex International

over 13 years ago

What is wrong with this picture? I know that this was the preliminary pr from both companies. Was GRZ expecting a lot more to begin with and KRY saw what they actually filed for in Sept 2010 and lowered their claim? Not sure.

The initial pr from both companies:

GRZ 2009 pr - which is estimated to be approximately US$ 5 billion.

KRY 2011 pr - alternatively full compensation for the value of its investment in an amount in excess of US$3.8 billion.

In Sept GRZ filed their memorial which was their actual claim for arbitration and (a bit) lower than what they actually pr'd when they first filed $5B.

GOLD RESERVE INC. SUBMITS $1.928 BILLION ARBITRATION CLAIM TO WORLD BANK'S ICSID

Big difference from their original $5B claim in their initial pr. Will KRY do the same in their memorial if it comes to that???????????????????