Re: (Reverse merger with KRY)
in response to
by
posted on
Jan 13, 2009 09:25AM
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
Zwil I don't think showing that all the RML rhetoric is hot air is off topic when we are told how much better off we would be if Kry sold out to RML. There are definately no apples to apples comparison here. My original post to you was to find out where you got your information when you posted "Moola, they did get the permit that Goldfields coudn't get and they seem pretty confident that they will get additional permits for future projects." I was hoping to see anything official from RML or Mibam not a questionable Bloomberg story.
The link to the Bllomberg story is just a continuation of the self promotion of RML in questionable media stories from reporters who either don't check the facts or are willing to print what ever they are paid to print.
While the story talks about how "Rusoro received the permits soon after the acquisition was completed." when in fact they weren't permits at all.
The following is from the Dec. 10th 2007 press release by RML chairman Vladimir Agapov. It certainly paints a little different picture. No permits are mentioned.
Water Issues Resolved The Company is pleased to announce that previous issues regarding the supply of water to the mine site, and the lack of water required to support the milling operation, have been resolved. Pro-active measures adopted by the mine's previous owners, Gold Fields Ltd, during the latter half of 2007, have resulted in a significant improvement to the water supply situation at the mine. Mine management are confident that ample water supplies are now available for the mine to sustain mill production at levels of 7,500 t/d or greater. The current Choco 10 plant design capacity is 5,800 t/d. Labour and Small Miner Issues Resolved The Company is pleased to announce that a collective agreement has been reached with the Choco 10 mine site labour unions. The new agreement calls for wage increases, related to inflationary adjustments, in addition to certain production related incentives. This issue, previously an impediment to higher gold production level, has now been removed. The Company is also pleased to announce that a settlement agreement has been reached with the Coacia Small Miners collective, relating to specific areas of Choco 10. This issue, which was also previously an impediment to higher gold production, has now been removed. George Salamis, Rusoro's President, reports: "We are pleased that a number of these past impediments to production have been resolved. In addition, we recognize that a number of these enhancements regarding recent record gold production levels, water availability and labour related issues, have come as a result of measures taken by mine management and Gold Fields, during the latter half of 2007." Andre Agapov, CEO, adds "We expect this pro-active spirit of enhancing the operational performance at Choco 10 will continue into 2008 and beyond, being driven by our Venezuelan-experienced management team." Qualified Person: Mr. Gregory Smith, P.Geo, the Vice-President Exploration of the Company, is the Qualified Person as defined by National Instrument 43-101, and is responsible for the accuracy of this news release.
Posters continue to repeat and post information that is inaccurate and misleading. I'n not suggesting you or anyone else is doing this with nefarious motives but as you can see if you are making decisions about what you should do as a Kry shareholder you need to know the facts.
Would all the posters who believe that if Rml bought Kry a permit would magically appear knew that Rml hadn't obtained any permits when they took over GF assets be so sure of themselves.