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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Message: Taken from the MOC

The MOC clause is irrelevant. The bilateral investment treaty has no "exhaustion of remedies" clause, so KRY can go direct to arbitration under the treaty which does not follow the corrupt VZ rules, and has massive potential remedies -- like the full value of the contract reduced by NPV, and recovery of all costs to date.

I still see all this speculation as premature though. I've been around long enough and seen enough "hugo said he's taking the mine!" tempests come and go that I will believe it when it ACTUALLY HAPPENS.

When KRY announces that they are filing for arbitration or they start selling the equipment, then we can rationally consider the next step in this saga.

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