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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: Investment or Speculation?
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Rundle
Nov 16, 2007 11:07AM
Re: Investment or Speculation?

npmg4
Nov 16, 2007 12:29PM

Yes, my communications with RM were today. I expressed my disappointment in the 3rd quarter results particulary with the exchange on gold. I was assured that this has been corrected as it was a disappointment for them as well. This was his response:

"Yes we are also disappointed with performance. The Currency translation issues are an accounting phenomenon and we are working to get the license for buy Dollars in Venezuela at the government fixed rate. We have consistently kept monies created from the Venezuelan operations in Venezuela and in Bolivars and not had the need to convert them in country back to Dollars for any Venezuela payments (we make our payments in local currency - Bolivars)."
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