kry bought MAEL in 97'..here's a re-cap from one our hated/loved stories.
"The claim passed through the co-pilot's widow, several lawyers and an Italian miner, none of whom worked the mine, and finally was purchased by the Venezuelan company Inversora Mael. In 1997 Crystallex bought Mael and promptly announced that it owned the rights to Las Cristinas, even though at that time Placer was developing the mine in conjunction with its partner, state-owned Corporacion Venezolana de Guayana, through their jointly-owned subsidiary Mineria Las Cristinas."
now, as i remember, it was argued that kry got the MOC in exchange for dropping all suits against ven for LC. that's even stated in the MOC. the MOC has been rescinded so does'nt kry still own LC?? sounds like kry has a few lawsuits against ven to me.
ramstein trading group (see red glove financial) currently has a suit against ven (i cant find out anything about it though) currently pending at icsid. my guess is that related parties at kry got screwed on thier options/shares from the MAEL sale when it became evident ven was going to bump us and are now suing for thier damages?
here's where i need an opinion.... is'nt the ownership of MAEL still an asset to kry? would'nt the seperate legal case for MAEL be IN ADDITION to the MOC case?
