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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: Do you trust Dow Jones Article from yesterday?
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Re: Do you trust Dow Jones Article from yesterday?

posted on Nov 07, 2008 07:48AM

"Venezuelan Mining Minister Rodolfo Sanz denied Thursday that the government was planning to offer the Las Cristinas gold mine, one of the largest in Latin America, to Rusoro Mining Ltd. (RML.V) after taking back the mine from Crystallex (KRY). Asked by Dow Jones Newswires if the government was planning to offer Las Cristinas to Rusoro, Sanz replied: "We haven't defined anything on that," adding that "it's something that we haven't thought about.""

Exactly why nobody should consider this an issue at all - yet. The first questions that I asked were: (1) did Sanz actually say it? (2) was he correctly understood? (3) did he mean what he said, or was it just for internal domestic placation? (will anything actually come of this?

I had a hard time getting past number 1 and 2, and this article supports my scepticism.

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