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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: Re: the hard line......
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Oct 17, 2008 10:42AM
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Oct 17, 2008 11:45AM

It is not debt, but when you issue stock under the auspice that it is for a specific activity, ie LC that is waiting on a permit then you may have to buy back those shares if you change directions.



The debt I was referring to are other loans specifically for LC development. Those would probably be called due if KRY went a different direction. The cash they have from stock issue would have to go to that.



Still, we should not get ahead of ourselves. We still have a ways to go before there is a crisis. I just think that going forward with LC in any capacity (mining or legal action) is the only thing KRY can do at this point. They could not finance the pursuit of a different project elsewhere.

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Oct 17, 2008 12:15PM
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