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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: Our tell: the equipment

Our tell: the equipment

posted on Oct 25, 2009 12:57PM

I may be nuts, but I think that the status of the equipment is a tell for us.

While there is some angst about running out of cash and closing the doors, I don't see that happening. We have a ton of valuable equipment that could easily be sold to raise cash if it came to that. That tells me that there is something to the whole "process" going on right now, and the equipment is part of that.

Now if we get a PR that the equipment is sold, then I would expect a PR shortly after about filing with the ICSID and mass layoffs to save cash. Until then seems that something is on track with somebody.

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Oct 25, 2009 01:32PM
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