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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: I'm still a bit confused on this point...

I'm still a bit confused on this point...

posted on May 06, 2008 01:53PM

...yes..."they" own the mine...but isn't our operating contract "as written" much more favorable\profitable to KRY than a revision to said contract (aka 'JV with the state where the state holds the majority') would be? It seems to me that revision of the existing operating contract in keeping with the blurb referenced below would not be good for the share price. I'm not trying to be negative here. Just expressing a sincere distrust for Vz living up to their legal obligations in light of the apparant contradictory statement below. This threat (to the sactity of our operating contract) requiring a 'Plan B' that does not exist has been knocking around in the press for quite some time. In light of the recent developments it appears to gain some creedance. I urge you to tell me why I am full of shit. Thanks in advance....GW.



"...A draft mining reform law drawn up last year by the ministry of basic industries and mining proposed that a private company can only participate in mining by forming a JV with the state, where the state holds the majority."

http://www.bnamericas.com/news/minin...

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