Congratulations Vet how DID you do it? And answers to all the latest riddles....
in response to
by
posted on
Feb 28, 2011 09:07PM
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
Everyone has made good points but many times over.
Crystallex seeks the restitution by Venezuela of Crystallex's investments, including the MOC, and the issuance of the Permit and compensation for interim losses suffered, or, alternatively full compensation for the value of its investment in an amount in excess of US$3.8 billion.
I read this as two different parts, the first part is probably legal KRY schmegal to cover the MOC 60 or 90 day "resolve issues thru negotiationg" clause (even though one may argue correctly the MOC is not in force) to cover all the bases for exhausting all avenues before filing an arbitration. Vet, I do not see this going on for a year or two before Arb. It can't.......
The word "alternatively" is not needed (except to seperate the two acceptible resolutions) but maybe it sounds better in spanish? Is not the word "or" good enough by itself?
full compensation for the value of its investment in an amount in excess of US$3.8 billion................
This should happen soon? I doubt it seriously. Also the Chinese, the white knight, all the rest of the assorted fairytales, etc. Serious doubt. But risk/reward @ .16 vs my average cost, acceptible.
As far as the posts about 2B vs 3.8B? And the $5.00 payola?
IMO I think Fung belives the Arb cost is going to cost qeveryone 1.8 Billion in dilutive arbitration financing schemes (stocks, bonds, whatever) and he just added that to the back of the envelope calculation 2 Billion dollar amout. This took about 3 minutes, it is just the back of an envelope after all.
That's how we do it at home.............