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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 and Salamis response.

GRZ and Salamis response.

posted on Dec 17, 2008 09:47AM

Surprisingly I was graced with not one but 2 responses from George Salamis. In response to my question if RML would hold the same offer for GRZ if GRZ distributed all cash and proceeds from sale of equipment as a special dividend - he said "interesting, give me a call and will chat". Calling from Calif to Canada was not in the cards. In response to my next EM of how RML could defend their low offer in the face of Cash/Equipment/Concession his response was "are you aware they have $120 million in debt". He did not return my next EM. GRZ's $550mm lawsuit may have gotten their attention. RML's offer was frivolous, GRZ's lawsuit was not. Go get'm Doug.

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Dec 17, 2008 10:49AM
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Dec 17, 2008 11:24AM

Dec 17, 2008 12:07PM
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