Welcome to the Crystallex HUB on AGORACOM

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: are you guys kidding me? 12mil+ shares...

>Without this "flagship asset," Crystallex's residual value is about
>$45 million, or 15 cents a share, Haywood Securities analyst Kerry
>Smith said in a May 1 research note.



Note that things have changed since then. We have handed over two mines that were a source of revenue. We also burned through a bunch of cash.

The ONLY thing worth anything real is the equipment. But, after the bonds are paid, what is left?

The contract *might* be worth something but only if it is honoured. We're dealing with a 3rd world country here (maybe second world)... that is socialist and anti-Western.

This is not adding up to a pleasant situation.

I take this all back if we get the permit TOMORROW!



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