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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 vennies play their hand!
5
Dec 15, 2008 04:08AM

Re: The vennies play their hand!

posted on Dec 15, 2008 06:49AM

dparge

simply put, RML does not have the cash to take on KRY's debt! They are not after the asset (LC), they are after the cash and then get LB/equip. for free. The bid is holstile because GRZ Directors have no interest in selling for less than cash-in-hand.

They are hoping to get GRZ for free through share dilution? What must GFI think?

Teutracker

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