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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Message: Selling the equipments is not bad news

Equipment sales are a decisive move, some of these equipments are long lead time 3 plus years, indicate any chance of KRY mining LC has been exhausted and this company only recourse is in the courts, prepare for a very long process, the excitement generated by the risk/reward from LC ore body now been removed, equipments are in demand in this environment and I don't see a problem moving them may even get a premium for them along with a price appreciation from what was paid, still you need to find an exploration play with similar geology and required TPD permitted for output, for some equipment like SAG mill etc. I stilled had some hope Venezuala may change their mind, their own greed, habit of screwing investor in mid game, lack of any integrity and competence in making decision to benefits of their own people plays out, KRY social program roads, water treatment, housing and medical centre may have cost as much as all the equipment, this is a kick in the stomach for a company that has follow through on all its contract requirements and it really sucks, hope these crooks gets what they deserve.

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