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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: Re: Hugo wins -- we loose !!!!
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Nov 24, 2008 03:56AM

Rangel Gomez signed the contract with Crystallex while president of CVG. He won re-election in Bolivar. He has publicly stated support for Crystallex.

The (true) Russians are in town this week. Let's see what comes of it. The choice of selling at a market cap of $38 million doesn't seem prudent. Worst case is we get some form of an offer from CVG to buyout our contract. I would suggest it would be a double-digit multiple from our current market cap.

With all of the misdirection over the years, I am pessimistic that the Candadian Company Rusuro will mine LC or LB.

Did Vargas win re-election?

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