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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: Sneaking Suspicion

Not sure what got into everyone, but the participation on the forum sure picked up.

Have a sneaking suspicion this delay is over the new investors/bondholders wanting a larger piece of the pie. Since it will be a long wait and, as I posted a while back, savvy investors see time as money and they probably want a bigger percentage for their waiting.

Plus, if one part of the investing group gets a larger percentage (as implied by Teut), the others will also want more, and the negotiations continue and drag on and on.

Depending on how much the company gives away, could be the long time common holder is pretty much toast in this play. Newer holders, and those that have averaged down to the two-bit'ish range, might just do Ok. In a few years.

Of course, the delay could all be just complicated paperwork.

As far as German Bund sales going sour the other day, US Bond sales have been much worse. The Eurozone is driving this ship, so anything they do is magnified. Good news today, with the central banks stepping in to increaseliquidity, or at least announcing it, we may see a Santa Claus rally through the end of the year. Big guys will be happy about that because they will get their end-of-year bonuses.

Hope this play with Crystallex works out for all.

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