Welcome to the Crystallex HUB on AGORACOM

Crystallex International Corporation is a Canadian-based gold company with a successful record of developing and operating gold mines in Venezuela and elsewhere in South America

Free
Message: UNNAMEED INVESTOR HAS 9.9% OF SHARES

Bull Frog,

Are you making reference to the PP that was completed on Aug 11, 2006, or something else? My calculations tell me on Aug 11 whoever paid for the PP had 4.3% ownership as of that date. The rumour at the time, was either Gold Corp or Rusoro was the buyer.

Care to post where you came up with 9.9% ownership of shares? Are you implying the interested Company has accumulated 5.6% additinal shares since Aug 11, 2006?

According to KRY's News Release about "Right's Plan" of Oct 30, 2006 for a takeover to occur the Company taking over Crystallex has to have 20% ownership of the Company shares before it's a done deal.

Once the final permit is granted I'm expecting/hoping for a bidding war to occur on the gold property and the property goes to the highest bidder - and everyone benefits, however, I believe there will be some geopolitical circumstances where the property will end up with the Russians and our profits in the end will be lower that what we all expected. I hope I'm wrong on this matter!

A Properous New Year to You All.

Share
New Message
Please login to post a reply