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."
in response to Optionsgal's message

Crystallex seeks the restitution by Venezuela of Crystallex's investments, including the MOC, and the issuance of the Permit and compensation for interim losses suffered, or, alternatively full compensation for the value of its investment in an amount in excess of US$3.8 billion.

I wonder if with all the regime change going on in the world right now, Crystallex put this in the release to cover all their bases in case of the possible collapse of the Chavez. In turn, this would allow crystallex to say to any new party or leader,

'Hey, we'll drop the case, all we want is our property & contract back & the permit that we deserve, oh, and a little bit of compensation for our time. If not, well, we'll go to arbitration and, as I'm sure you know, we'll most likely win'.



Probably unrelated, but you never know.

Still wouldn't mind a $1 billion chinese buyout, though i would be ok at a bare minimum $500 million.

FK.

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finance kid
City
Rank
Treasurer
Activity Points
345
Rating
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Date Joined
02/07/2011
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Crystallex International
Symbol
CRYFQ
Exchange
PINK
Shares
365M O/S, 417.5M FD
Industry
Metals & Minerals
Website
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