Re: Back of the envelope calculation...
in response to
by
posted on
Jun 26, 2009 09:15AM
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
Prezone...I think your calculation is more accurate given who we are dealing with and what kind of stink bid they give us (although not sure about the veracity of your calculations given the true value of the asset and the terms of our contract). We'll be lucky if these thugs offer more than a dollar\share for all of our trouble. The question is what is the minimum offer Fung is willing to accept\float to the stakeholders given his intimate knowledge of the situation. I'm sure KRY management will be sitting pretty at $1.00\share buyout level given whatever cheap level they got their new options at. I would think their inclination would be to "take the money and run" rather than to try to (possibly) extract "full value" 5 years down the road.