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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: Re: I am afraid
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Jun 07, 2010 12:19PM

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Jun 07, 2010 12:57PM

Good points Chewy.

Its just that we've already invested about $500 million in the project and I don't see that being recognized or us being reimbursed by our new JV partner.

Assisting KRY with retirement of the noteholders obligations is not the same as paying it off for us. Assistance could mean very little in financial terms.

Most people on this board that I know did not buy at $0.15 or anywhere close to that. Many were basically conned into buying at much higher prices.

As to what kind of treatment we will get from VZ on the sale of the gold that remains to be seen. You'd have to have a crystal ball to figure out that one. Getting the preferred rate would definitely make this deal look alot better.

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