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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: bnamericas story...camiven believes ven nationalizing

We may be talking semantics here...one man's "Nationalization"...is another man's "Revised Operating Contract Giving MINORITY STATUS To The Private Entity". We all agree that Venezuela owns the gold and therefore, the mine is already Nationalized from that perspective.

Am I missing something here? Is everything still rosy as hell? The reason I ask is that KRY management has gone on record indicating that they "have no Plan 'B'" should Venezuela revise the terms of the operating contract in accordance with above.

If Venezuela decides to "take more" our shareprice goes down. Even I know that.

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Apr 24, 2008 07:40AM
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Apr 24, 2008 09:36AM
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