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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: a look back, a look forward.

the following is an excerpt from a post by one of our well known longs from february 2011. i wont mention names because that is not important. what is important is where does our "primary binding agreement" come into play now??

Take a look at the 'post period' provisions. China isn't going to dump Crystallex, turn around and do a deal with Venezuela. Look at the legal consequences pertaining to the Agreement. Look at the bigger macro-picture of China doing deals in Canada. China isn't going to let a state run entity conduct business in such a manner. China isn't going to commit financing to a project that has a high profile legal problem attached to it. No, my opinion rests with the relationship Bob Fung has with the Chinese, the need for CREC/CRRC to work through this legal situation by resolving the matter with Crystallex and to put together a JV between CREC/CRRC and Venezuela.

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Feb 25, 2012 01:02PM
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