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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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Message: Re: Equipment Sold
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Jun 29, 2011 05:43PM
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Jun 29, 2011 05:54PM

jj

I hope you and your family are well. I agree 100 % with you, first hurdle is cleared. Next up will be the debt financing to replace old note holders. This will allow the company to extend out the notes, hopefully improve cash flow through arbitration or till they reach a settlement. The percentage cut on the award/settlement is hard to determine but I expect some combined deal that will allow note pay off either pending award/settlement. Upon news of financing I do expect us to move much higher and I'll stick my neck out and target $ 1.00 as a short term target. Funds go to bank, note holders drop legal case, notes get paid out at the end of the year. Dropping non-crucial personnel to be expected. Those that are kept will be the crucial ones for the case. Will wait to see incremental news on ICSID arb case as it progresses. Sure glad I took up all those cheap shares.

Teutracker

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