Re: Russians? On the Other Hand

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

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Z_Greek

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Re: Russians? On the Other Hand

in response to

Re: Russians? One Minor Problem

Gil

posted on Jun 11, 2008 06:01AM

Someone please correct me if wrong but what if..

At current stock valuations KRY is worth around $250 million. Say the Russians, through one of their coorporate vehicles, offer $1.50/share (or $500m) to buy out KRY. If the majority of the stakeholders go for it the Russians get KRY. Then the next day Hugo decrees that the permit is issued and that mining can begin. After the frenzy the Russians turn around and issue stock at $6/share and pay back the $500m needed for the initial buyout making huge windfall profits and at the same time using all the hard work that KRY has done to this point to make everyone, including Hugo, very happy.