Is this really a bad thing?

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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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Extraly1

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Is this really a bad thing?

posted on Feb 07, 2011 07:45AM

Yes, I would have much rather seen the permit come through and with the Chineese involved I really thought it would happen. Having said that I have to wonder if this latest move by Ven. is really a bad thing for us.

At least we can now move forward instead of waiting in limbo like we have been. Everything I read says that we have a 'slam dunk' case in arbitration which should see us get a pay off of at least $2 Billion which will put the stock somewhere north of $3/share. Sure it means waiting another 2-3 more years which isn't a plesant thought but at least we now have a set time for final resolution which is better than waiting indefinately in limbo IMO.