Re: VZ 's 'breaking news'
in response to
by
posted on
Dec 03, 2009 02:04PM
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
It may very well be that the cash in the deal only works out to be $100M ($4-$5 an ounce) but that there is stock as part of the deal that makes the offer more. That way they can pay off the noteholders and proceed. Stay tuned.