Re: Remember, we have the option of trading our Judgement for the Permit and Contrac

Welcome to the Crystallex HUB on AGORACOM

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

Reply New Message

Prev Message Back To Forum Threaded View Next Message

vlada_mexico

Rank: Treasurer [?]

Points: 1591 [?]

Votes: 63 Score: 2.2 [?]

Your Vote:

Please Log In to Vote

Did you know? You can earn activity points by filling your profile with information about yourself (what city you live in, your favorite team, blogs etc.)

Re: Remember, we have the option of trading our Judgement for the Permit and Contrac

in response to

Remember, we have the option of trading our Judgement for the Permit and Contrac

dlbehrns

posted on May 16, 2009 05:54PM

Common sense. If you get a Judgement, you are not bound to accept cash, you can use it to obtain whatever you want from Venezuela, or let them pay cash, ie., give KRY the Permit on KRY's terms, or pay KRY the cash.

I would suggest that Venezuela gives KRY the Permit on KRY'S terms rather than deplete their foreign reserves. Time will tell, but I bet KRY will get the Permit, and if our Management is forceful, it will make the waiting worthwhile.