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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: Re: Award
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Apr 06, 2016 06:20PM
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Apr 06, 2016 08:49PM
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Apr 06, 2016 09:38PM

Perhaps the panel dismissed the second 20 year agreement that KRY added into their calculations for loss of revenue. While the deal was for 40 years it was 2 twenty year deals. Kry could have accelerated the first 20 if they knew the second 20 wasn't going to be renewed but given the estimates my guess is the panel agreed with VZ (I assume they argued) that only the first firat 20 should be considered. This would have cut the potential losses. Either way it doesn't matter why we only got 1.386 billion, what matters is how much shareholders end up with.

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Apr 07, 2016 01:26PM
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Apr 07, 2016 01:41PM
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Apr 07, 2016 02:53PM
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