Re: (Reverse merger with KRY)
in response to
by
posted on
Jan 13, 2009 06:57AM
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
Ok -- la la land scenario
RML offers all stock deal for Crystallex. The offer is approved by the the board conditionally in that Crystallex receives the permit by lets say March 31st(permit season). Crystallex grants RML temporary power of attorney to negociate with V in regards to issuance of Crystallex's permit.
Permit approved.
Stock rises on buyout announcement, Stock rises on permit issuance, confidence is restored that RML can work with the V government. Financing is made available to build mine. RML stock sores with rising Gold Price. RML makes crappy offer for GRZ's mine. GRZ sells knowing they will never receive permit. KM 88 is not run by RML. Most investment is recovered because of RML's new high stock price and "major" status.
Permit not approved.
Stock rises with buyout announcement. Stock dumped when permit not delivered.