Re: This is not a typical buyout offer... Vet
in response to
by
posted on
Aug 27, 2008 11:19AM
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
They weren't risking a penny. GRZ has more than $90 million in cash plus another $60 million in equipment. They were trying to buy cash at a discount with their own stock. Cheaper than a fund raising exercise in the market, and easier too.