Re: Boiling it down
posted on
Feb 25, 2009 11:21AM
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
There's no aternative. If we don't go to Arbitration, further stalling by Venezela will just weaken our financial reserves and each month will just make us more vulnerable.
On the other hand. if we go to Arbitration we will more than likely get a favourable judgement, or, Venezuela, seeing that no more delays are possible, will give us the Permit.
Anyone whose been in business, knows that you don't negotiate from a position of weakness. and any delay past May 28th just weakens our position.