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

Free
Message: Re: Back of the envelope calculation...

Re: Back of the envelope calculation...

posted on Jun 26, 2009 01:09PM

I would love to believe this, but managment needs to be cutting expenses now. I just dont see it.

Re: Back of the envelope calculation...

posted on Jun 26, 09 12:44PM

Chewy,

I do not think we will see any significant dilution. If we have to go to arbitration, expenses will be held to bare minimum shell company. All we have to do is work out a deal with the bondholders. Maybe sell all the equipment for over 100 million, pay off half the debt to the bondholders with an agreement that they will get the remaining half plus interest(maybe throw in a few warrants) upon completion or settelment of arbitration.

Share
New Message
Please login to post a reply