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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: RML Pattern

RML Pattern

posted on Jul 29, 2009 01:03PM

First off, it would seem like every time RML has to deliver bad news there is a ditty that hits the news that paints a pretty future for them. With the news that their gold per ton is down and the cost per ounce is up, it would seem natural that the inference of a "Russian" company taking possession of KRY's assets hit the wire. They appear to be able to play V-Rag and the local, government owned news outlets, to begin raising the noise level a bit so that their real situation is downplayed.

I can tell you one thing, I think their problems are deeper than they are letting on. I also think that GFI walked away with a great deal when they dumped their below par mines in RML's lap.

That said, I agree with the posts that trend to the "something is happening" with all of this Russia and China activity. I think there is.

I also think they're both buying futures in gold and oil at a rock bottom price from a country who dearly needs cash to dig itself out of contracts and commitments in order to retake possession of assets they dearly need to leverage, to go forward without going broke. In all cases we see mentioned, the unencumbered value in the ground is money in the bank for them.

The game they're playing on the international stage is one of Russian Roulette, regardless of the country involved. You don't burn these guys like you do Exxon or KRY.

Of course, this is just my opinion.

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