Pros & Cons

Welcome to the Crystallex HUB on AGORACOM

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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GWhatesmidgets

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Pros & Cons

posted on Feb 04, 2011 03:34PM

PROS:

1. Fung reported to be in Vz. end of January....revised to February

2. Last word from RM (several weeks ago).....if no deal within a couple of weeks...they play the arbitration card.

3. Deal long overdue and said to be embraced by Venezuela

4. Ongoing Caura Plan laying groundwork for deal announcement

5. Chavez rumored to be announcing China deals today in Bolivar

6. It makes absolutely no sense for Venezuela to opt for arbitration over the proposed deal

7. China...Billions of dollars of Venezuelan loans and an insatiable appetite for gold

8. Chavez bid for 2012 presidency against a backdrop of economic ruin...especially in the mining sector

9. Four yearly lows posted on consecutive days leading up to the halt.

10. GRZ advised in last conference call that ongoing talks with Venezuela were "encouraging"

11. I'm still holding my shares

CONS:

1. All we ever get in this stock is bad F'n news....day after day after day after day after day.