Initial Arb pr from both KRY and GRZ

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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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makinmoola2

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Initial Arb pr from both KRY and GRZ

posted on Feb 16, 2011 09:31PM

What is wrong with this picture? I know that this was the preliminary pr from both companies. Was GRZ expecting a lot more to begin with and KRY saw what they actually filed for in Sept 2010 and lowered their claim? Not sure.

The initial pr from both companies:

GRZ 2009 pr - which is estimated to be approximately US$ 5 billion.

KRY 2011 pr - alternatively full compensation for the value of its investment in an amount in excess of US$3.8 billion.

In Sept GRZ filed their memorial which was their actual claim for arbitration and (a bit) lower than what they actually pr'd when they first filed $5B.

GOLD RESERVE INC. SUBMITS $1.928 BILLION ARBITRATION CLAIM TO WORLD BANK'S ICSID

Big difference from their original $5B claim in their initial pr. Will KRY do the same in their memorial if it comes to that???????????????????

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