Re: Equiptment, MOC and negotiation!

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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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itemus47

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Re: Equiptment, MOC and negotiation!

in response to

Equiptment, MOC and negotiation!

RE002

posted on Jul 15, 2009 03:55PM

That is a big YES. The equipment would take years to get. If everyone recalls the sale of some equipment way back that yielded 5M cash and a new order on the line for a desparate company needing it. At that time it was an 18mths to 2 year wait. 300+ mil spent to date 150 mil for equipment, technical specs/docs in KRY hand and you got a 1/2B+ just on outlay for minimal compensation. There is over $1 right there, not including the MOC. It is frustrating but the cows will come home to roost eventually. the question with many spec investments in mining is who will wait it out.

I know I am.

Just as a side note, why hire the new guy if you have NO HOPE of anyting. Especially if you are negotiating a buyout ONLY. His skills and expertise are irrelelvant. UNLESS.....