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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: Bloomberg article. Much more specific about Chavez statements. Not good.

Re: Bloomberg article - Not good --> very good in my eyes

posted on Jan 14, 2009 05:04AM

"If LC/LC deposits are mined later, GRZ/KRY have a very strong legal case for litigation or compensation"



sure, but even winning litigation isn't collection of any judgement. Collecting doesn't seem a slam dunk, given all the others standing in line over oil, cement, etc. Winning against a bankrupt creditor might not help the ole' pocketbook any. I view lawsuits as an absolute last ditch scenario and think and hope KRY's BOD do also.

I suspect planned sp manipulation is behind a lot of the delays. Its given time for long/short/long/short/long/short right into a ten or twenty bagger before the permit is even issued. For some that is. Not for me.

I'm long and want the permit yesterday and find little comfort in terms of having a strong legal case.



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