Re: CJR's, Newfie, Optionsgal, EZ (CJR)
in response to
by
posted on
Aug 16, 2010 07:34AM
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
Unfortunately, if the Chinese wanted to buy us out, they could do it for much lless than what would be paid in another country, another situation. They'd only be bidding against themselves. Nobody else is jumping into this mess, and competition is what causes bids to go higher. There is none here. The Chinese are the only ones who can deliver this permit now, and not even sure (completely) that they can. I don't think they're stupid enough to overpay. Like the free agent with only one team interested. At some point reality sets in "OK, I'll take the $1 million for one year" after the visions of grandeur have faded. A buyout now doesn't even come close to getting us value.