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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: Short Interest Increased to 3.3mm
3
G
Jul 07, 2010 08:59AM

I would think that Hugo would want to take credit for "fixing" the gold mining sector prior to the September Vz. parliamentary election. With our vote in August, so close in proximity to the Vz election, I can think of 10 billion reasons why it shouldn't be difficult for the CRRC to tell Hugo that both the gold and exchange rate issues need to be resolved prior to the August shareholder vote deadline. Chavez will want to be able to brag for at least several weeks prior to the Vz. election, so there is really no political reason for this not to happen.

Surely it is not too much to expect these issues to be resolved prior to the shareholder vote so that shareholders are not voting blindly on a deal that we really can't begin to evaluate intelligently.

Surely Fung, as the consumate businessman would not expect his shareholders to vote "in the dark" without this critical information being publically announced. If Fung is as shrewd as some say he is, then resolution of these matters prior to the August vote would be non-negotiable.....again....given only weeks between the KRY shareholder vote and the Vz. parliamentary election....what's the big deal....unless these issues are still in limbo....and God knows limbo can last a long, long, long time in Venezuela.

4
G
Jul 07, 2010 12:03PM
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