Re: (Reverse merger with KRY)
in response to
by
posted on
Jan 12, 2009 01:54PM
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
The flat out rejection of any kind of merger, buy out, or whatever, with RML, has me puzzled. What is the agenda here?
With the Goldfields assets having been sold for 500 million and RML's market cap at 250 million (and RML's mines permitted) I don't see RML as being that ugly. Remember that the line was that Goldfields sold out at a bargain price because they couldn't get permits. Would those assets have fetched a billion with permits?
The ability to get permits in VZ is priceless.
I say throw them together with some reasonable respect for asset value and let the market do the rest.