Re: I want to be a spanish fly...
in response to
by
posted on
Nov 13, 2008 06:49PM
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
So, one does really need to question what the hell last week was all about! I hate to speculate as I am almost always wrong, but it sure does look like something is going on behind closed doors that we are not meant to know. I want to be the spanish fly on the wall just to be sure.
Could last week's media circus show combined with Sanz's uncharacteristic unzipped lip service been concocted to drive Crystallex's share price down for an upcoming low-ball buyout offer from a Polyus?
Let's review last year's new's article posted on Mineweb when Polyus was sniffing around to make a buyout for Crystallex and Gold Corp and their was confirmation that Polyus was dealing with BMO on their property evaluations. Is Polyus about ready to return with the buyout offer for 31M ozs of glitter.
Gold Silver - Polyus Gold said to be pondering Crystallex, Gold Reserve bids BMO CAPITAL MARKETS EVALUATION Polyus Gold said to be pondering Crystallex, Gold Reserve bids Dorothy Kosich Business News Americas and Canada’s Financial Post are reporting that Russian gold miner Polyus Gold is considering a bid for Canadian junior Crystallex and Spokane, Washington-based junior Gold Reserve.RENO, NV (Mineweb.com)Business News Americas and Canada's Financial Post have reported that Polyus has hired BMO Capital Markets to help evaluate Crystallex and its Las Cristinas gold project in Venezuela, and the neighboring Brisas project under development by Gold Reserve.
Las Cristinas is believed to have nearly 13.6 million ounces of contained gold in proven and probable reserves.
Crystallex Vice President Richard Marshall declined comment on the reports. However, the Financial Post interviewed new Crystallex CEO Gordon Thompson last week, who insisted that the company is closer than it has been to obtaining its final mining permit.
BMO also declined comment on the rumors.
Nevertheless, it is possible that Venezuelan President Hugo Chavez, a strong socialist, may be more amenable to allowing a Russian mining company to operate in the country. 12 March 2007 04:06 34 60 15894 12 March 2007