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 EZ Street's message

No, Revemin has nothing to do with us any longer. Revemin comment was pointing out how quickly things go south in Vz once they take control. The money being spent in El Callao sucks and non response from Vz officials is unacceptable and we need to stop spending this cash.

My example of a possible solution is just that, a possibility. My key point was simply an up-front payment with the remainder compensation over time. And no, I don't think Crystallex will be involved beyond a transition period of time. We will be out of Vz. If you look at most settlements from Vz. Chavez pays over time more than all at once. This type of solution is what I think will occur, if at all. Right now, we have to believe management and watch and wait for the arbitration process to play out. Currently, picking arbitor.

And when will the notes be mitigated?

Please login to post a reply
RedRock
City
Rank
Vice President
Activity Points
2657
Rating
Your Rating
Date Joined
06/18/2008
Social Links
Private Message
Crystallex International
Symbol
CRYFQ
Exchange
PINK
Shares
365M O/S, 417.5M FD
Industry
Metals & Minerals
Website
Create a Post