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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: GRZ - interesting timing for Vz employee stock options

Re: GRZ - interesting timing for Vz employee stock options

posted on Aug 10, 2008 02:07AM

"...On Sunday, Aug.10 the Vz employee stock option plan comes into effect. GRZ has agreed to apply 4.056947 million @ $ 1.40 . GRZ has 56.83 million shares (fully diluted). Very interesting timing indeed. Why would GRZ make this option available now to GRZ Vz employees? In other words should the stock appreciate then GRZ employees have the option to buy stock from GRZ basis $ 1.40. Seems as though GRZ is prepping to reward Vz employees. This has to be considered very encouraging! Is GRZ expecting good news from MinAmb I wonder? Teutracker..."

When you think about it...what a perfect capitalist solution to both finance and incentivise all mining employees (even the lowest guy on the payroll) going forward while at the same time insulating share price and protecting the foreign companies. If Juan has profit sharing and Fernado is sticking gold nuggets up his @$$...Juan is more likely to turn him in. Or let's say Rogelio is a lazy lard @$$ and never pulls his load. Fernando wll be more likely to say...."Hey mang...get to work you lazy gringo". Or let's say Hugo comes out with some stupid plan to destroy profits. Carlos will be more likely to say "Hey mang...stop yanking our chains...let us make a little donero here for a change". Relatively painless to shareholders. A win-win. I have no idear if (or to what extent) profit sharing is practiced in the mining sector in Venezuela, but it sound like a great idea to give a DIRECT and REAL sense of ownership in the means of production rather than just a bunch of hollow words about "power to the people" and "down with the evil imperialists".

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