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: Re: Rangel + Miners= political bull...

I wonder exactly how many voters we are actually talking about when referring specifically to permit approval of Las Cristinas & Las Brisas. Is it really a political imperative for these two projects to be permitted before the November elections? Back pay has already been awarded to miners and "progress" made with La Camorra, etc. which has diffused the larger discontent of many in the mining community. Do the miners want the jobs that Las Cristinas and Las Brisas can provide? Of course...but perhaps the need (from a political perspective) for Hugo to "get" these potential voters is not that urgent from his point of view. Venezuela dangled those checks in front of the miners for years...just as they've dangled the permit in front of us for years. Is the permit award pre-election really a "game-changer" politically? If not, we need to re-think the timeline, cash burn rate and the corresponding need to seek additional financing. Our negotiating strength, in that case, would arguably be compromised in trying to avoid a low ball Aurelian type buyout "deal" by a more politically correct suitor....presuming that suitor had reasonable financial backing.

Share
New Message
Please login to post a reply