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

Free
Message: Re: Venezuela’s Maduro Plans To Slash Spending as Oil Price Drops

EZ, your take on the GRZ situation is an interesting way to look at it. Bottom line - GRZ is at least liquid, KRY is definitely not. I do know GRZ shareholders can attend their AGM, and even voice opinion of management actions concerning funding for ICSID - unlike here where management requested future AGM's be cancelled. Then went further by voluntarily revoking shares and gave away more than 88% of the ICSID award to Tenor so far. KRY shareholders lost their biggest asset, that being liquidity - unlike GRZ shareholders who can buy or sell their stock as they please. Yes, Las Cristina's is a better project than GRZ's, but both are in Venezuela. Even with GRZ now receiving their ICSID award, which shareholders should benefit 100% and in an amount as much as $10 a share (depending on the calculation), SP has remained flat (at best) which is very telling as to how the Market feels about any award collection.

The whiners deflect the CrystallexTenor shenanigans, and look to shoot messengers by portraying their feel-good PM information as facts. Hopefully, they are no longer fooled and are finally coming around to realizing CrystallexTenor's end-game shenanigans never were intended to benefit shareholders, all of which was hinted about long ago.

Share
New Message
Please login to post a reply