See the comments from Canaccord pasted below. It does appear that until we hear something from the VZ officials back to Crystallex management we are in limbo; while we wait we get punished and I fear I may not like what is coming next. I do remind myself that investing in VZ is borderline insane and we are all experiencing the wrath of our decisions to do same. In any case it does appear the Las Cristinas saga is coming to some kind of conclusion, one that may or may not be what we all gambled on.
Gold Reserve (GRZ : TSX : $0.69), Net Change: 0.02, % Change: 2.99%, Volume: 23,300
Crystallex (KRY : TSX : $0.33), Net Change: -0.05, % Change: -13.16%, Volume: 1,460,585
Rusoro Mining* (RML : TSX-V : $0.51), Net Change: -0.01, % Change: -1.92%, Volume: 4,108,335
DA, BABY: From Russia, with vodka.
Dow Jones reports that Venezuelan Mining Minister Rodolfo Sanz denied that the government was planning to offer the Las Cristinas gold mine to Rusoro after supposedly taking back the mine from Crystallex. Earlier in the day, Reuters reported that Venezuela would offer a joint venture (JV) to Rusoro to operate the Las Cristinas and Brisas gold projects. Sanz apparently told a Russian delegation that a memorandum of understanding would soon be signed with Rusoro. Further, Crystallex announced that it is aware of certain comments related to the control of the Las Cristinas and stated that the company has not been notified of any changes. Gold Reserve holds the rights to the Brisas gold/copper project and the Choco 5 gold exploration property in Bolivar State, Venezuela. The Las Cristinas project is contiguous with Gold Reserve's Brisas project. On July 10, Rusoro was selected as the country’s partner of choice by the Venezuelan Government for gold mining opportunities.