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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: Quiet Before the Storm?

Well, the sales process is still a go and the winner will be determined on July 31.  Presumably it will be publicized.  Then there are several weeks for objections then replies to the objections.

The actual sale is a different story.  I think if Maduro loses, the OFAC will have a hard time allowing Citgo to be sold since the US doesn't want to punish the new government or the Venezuelan people.

If Maduro wins I think there's a more reasonable case for OFAC to grant the license the buyer of Citgo will need to take control.

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