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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: Venezuela loses Citgo, its oil company in the US, to a vulture fund
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I know for a fact the GRZ bid was over 8 billion dollars.  Their full credit amount was included.

The Elliott bid was all cash and they were willing to escrow $2.7 billion for the potential bond payout.  

I believe there is a contingency where Elliott can apply their $500 million in credit from the Gramercy claim to their bid, possibly if the bonds are deemed to be valid. Not 100% sure how that would work, though. This puts RML on the bubble as it leaves only about $4 billion dollars cash. 

 

 

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