Re: Buyout ?
in response to
by
posted on
Feb 07, 2011 02:30PM
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
I think when KRY (RM, BF, whoever) says they were "taken off guard", or something to that effect, I think they did not expect the MOC to be revoked unilaterally; they probably simply figured VZ would continue to stall and stall until KRY went bankrupt or filed for ARB.
Apparently, the CVG didn't telegraph any intentions at all; just a letter and that's it. So I can see where management would use the phrase taken off guard, considering the current circumstances. But I don't think it's something they aren't prepared for. The path forward is quite clear at this point.