Re: Over Subscribed?
in response to
by
posted on
Nov 17, 2011 08:50PM
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
Since you responded to my post..........
A bit testy aren't you hub leader?
What did I say to get your motor running?
Why do you appear to be upset with my post?
How about putting something credible up to counter what management has stated? Why would management state "in excess" if it weren't true? Are you saying management is lying?
What do Italian bonds have to do with our financing?
Point one: Our case is based on international law.
Point two: Why wouldn't high risk money flow toward a high reward payday?
Point three: You can't have it both ways, either we are giving away a lot, which we are, in order to get the financing. You said it yourself, ""issue could be pulled off for the right price""...well my belief is that the "right price" is on the table.
Would you prefer 7% on Italian bonds or 20% from this deal? Which one is really the bigger risk? What about the added benefit of the CVR's, does Italy have CVR's? Is Italy on sound financial footing?
Finally, the global financial environment is smoke and mirrors and in shambles, just about the right kind of environment for Crystallex. A niche need in a developing niche environment.