The Worst Case Scenario

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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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ibelieveinkry

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The Worst Case Scenario

posted on Dec 26, 2008 08:29AM

Assumptions:

1) KRY cash can survive until the 4th quarter of 2009.

2) KRY can initate legal action starting early June of 2009.

To put it into a timeline, KRY can only go through legal battle without any financing for approximately 3-4 months. This short time frame is obviously not enough for any legal action. In this horrible economy, what are the likelihood KRY can secure financing given with the worst case scenario? With the shareprice sitting at 12 cents (possibly less than 10 cents in June of 2009), how likely that we can secure equity financing? debt financing? Or being anyone takeover target? This is my major concern.

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