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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: Exxon vs. Venezuela to go a few more rounds

The award will be created by the ICSID and the way I see it, I think that's a pretty safe bet for us.

One thing none of us has considered but something that concerns me is how the bridge and DIP financing will be structured. As it stands now, the date connected with DIP payback is after 12/2014.

I'm wondering the significance of that date. Why was it picked? Most likely the arbitration process will last much beyond it. Is it a hint the new investors will want their money back in two to three years?

If so, that means they will push for a settlement and as we all know, a settlement will screw the shareholders because our reward will be backloaded, i.e., percentage of monies above the $500-600 million level.

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