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 Ploutus's message

Perhaps the panel dismissed the second 20 year agreement that KRY added into their calculations for loss of revenue. While the deal was for 40 years it was 2 twenty year deals. Kry could have accelerated the first 20 if they knew the second 20 wasn't going to be renewed but given the estimates my guess is the panel agreed with VZ (I assume they argued) that only the first firat 20 should be considered. This would have cut the potential losses. Either way it doesn't matter why we only got 1.386 billion, what matters is how much shareholders end up with.

Please login to post a reply
jimmijazz
City
Rank
Vice President
Activity Points
11883
Rating
Your Rating
Date Joined
05/24/2008
Social Links
Private Message
Crystallex International
Symbol
CRYFQ
Exchange
PINK
Shares
365M O/S, 417.5M FD
Industry
Metals & Minerals
Website
Create a Post