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: Judging by the posts,

I would think something similar to what you have written is what Crystallex management is conveying to MIBAM/Minamb/CVG.

However, you will not get that type of a press release in advance of the "date". You would probably see a press release only after the legal route has been decided on by management.

I believe Crystallex management views the letter from Minamb published to us August 22nd as superceding the permit denial even though the press release hedged on stating to that effect formally.

It appears it is down to what is a reasonable amount of time to wait since the 90 business day period has come and gone last week. Venezuela knows the date has past for Gold Reserve and Crystallex.

I anticipate a permit or an outside the box solution to maximize shareholder value. Waiting out years on a "legal" payout for the $100,000,000's invested in the LC project doesn't make sense. Outside the box solution is best if no permit.

On a side note, it appears Crystallex sunk millions of additional unnecessary cost in Victoria, Tomi, and Revemin if no permit is issued soon. Clearly, they kept that up and running at a loss with the idea that LC was a go. Someone(s) within the government should be toasted for that, including Crystallex management for allowing the scenerio to play out this way. Again, if no permit soon.

Share
New Message
Please login to post a reply