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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: C'mon guys, let's keep it on point

Re: C'mon guys, let's keep it on point

posted on Apr 30, 2009 03:34PM

Joe speaking of RBC buying up RML today this is an excerpt from an article on Jan 6 which shows RBC as one of GRZ's financial advisors....Hmmmm



"Gold Reserve's financial advisors, J.P. Morgan Securities Inc. and RBC Capital Markets, have each provided a written opinion dated December 30, 2008 that the consideration offered under the Rusoro Offer is inadequate, from a financial point of view, to Gold Reserve Shareholders" J.P. Morgan and RBC Capital markets syndicated US$164,200,000 in a combination of Gold Reserve convertible notes and common shares to its clients with Gold Reserve shares valued at $5.80 per share. Obviously, anything less than $5.80 a share is going to represent a loss to the clients of J.P. Morgan and RBC Capital Markets who participated. Obviously they are going to call the offer "inadequate" If I was J.P. Morgan and RBC Capital Markets, I'd be negotiating with Rusoro management, not Gold Reserve."



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