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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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Message: MinAmb's step by step approach

Re: MinAmb's step by step approach

posted on Aug 26, 2008 05:53PM

Teut...I like your timing speculation. I might add that many keep thinking it is business as usual with false promises from Venezuela and Crystallex management.

What investors should realize is the management just changed recently and Sanz is in charge. Additionally, clearly, Chavez has put his trust in the business acumen of Minister Sanz. That is one major difference between now and the past. Obviously, many other positive factors can be listed that negate past "running in the mud" mentality.

One item that I disagree with you on is the sp on the day of announcement. Crystallex was a 1.4 billion dollar company May 2007 when permit was anticipated. I believe this same market cap will be achieved +- a couple hundred million mc. Your mc of 600mm - 850mm mc is, imo, too low. But we can leave that for the evening discussion after a full day session post announcement.

Reading articles over the last 4 months points toward a softening Chavez toward foreign investment dollars that Ven. needs. Hugo will take North American investment dollars and that will be a solid sign to investors that Ven is open and secure to put $$$$ into Ven. My take on the overall environment.

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