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: Any thoughts...

Sorry guys, I didn't realise that the terms Teutracker referenced were set in stone, and assumed that the lack of a final announcement meant that there was still some horse trading going on. The problem that still exists is whether the stock price will reflect the cash value of the final settlement even after it is brought down.

It is unlikely that Crystallex will simply shut up shop and distribute all the cash to the shareholders, so that means taking on a new project. It's going to take a while for the market to forget Las Cristinas and concentrate on a new opportunity even if the money is there to support it. There are plenty of cases of companies trading below cash in the bank values for considerable periods.

This is a concern for GRZ shareholders as well. Even if they get the $2.1 billion award they seek and get a full settlement promptly in cash it doesn't mean the stock would jump to $30 a share even though it may be justified on paper. I expect there will be a painful period in the interim while the market adjusts to the new figures which of course would be significantly lower than the best possible case.

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