Re: Would we be selling equipment if a deal was close?

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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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jimmijazz

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Re: Would we be selling equipment if a deal was close?

in response to

Would we be selling equipment if a deal was close?

Italian Hotdog

posted on Nov 11, 2009 06:33PM

I would like to know what the equipment was? Where was it before being sold VZ or storage? Whom did Kry sell it to? Where is the equipment headed?

Selling equipment isn't a positive move except to raise money and possibly reduce storaged fee. If I put on my darkest rose glasses I could say that we sold either no essential equipment, sold equipment to a proposed JV partner for operating funds knowing we end up with the equipment anyway,

It appears that selling the equipment has bought us time by being able to make the Jan. interest payment.

For a positive guy I was sure looking for more from this PR about where we're headed.