Taking my previous posts in account and my current cost basis, I would vote for a deal that just paid us back what we have in country.
Back of the napkin tells me that would come out to about $1 per share.
My assumptions
300 million shares outstanding
350 million into project
outstanding warrants/grants would mostly be out of the money
equipment + 50 million would pay noteholders.
I would imagine this could be done. Is it fair? NO, but personally this is the best.
And I am sure many shareholders would not like this because of their individual cost basis. We all diverge at certain points. FWIW, this is what I am going to be advocating to Crystallex (if I still see it the same way after sleeping on it:)
My only other choice is to wait for the Canadian dollar to blow past the US dollar. That will probably happen quicker than any deal directly with VZ. I would think a company would pay 350 for the contract assuming Chavez' blessing.