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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: CJR
CJR
3
Mar 04, 2009 03:55AM

Re: CJR

in response to by
posted on Mar 05, 2009 09:02AM

Let's not be foolish - stick to our Contract (MOC).

The idea that after all we have been through, the money we've spent, the things we have built, the bonds we have paid, etc., etc., KRY should change the Contract?

Nuts!

Remember, all the expenses we must pay for, VZ. doesn't pay a dime, and KRY must go 50/50 on the profits?

As it stands, our Contract, using present projected expenses, turns out to be 40/60 split.

The Bondholders invested their Funds based on the present Contract, and any reduction in the terms could win them their case because it reduces the value of the Bondholders security.

Changing the Contract would win the Bondholders Case for them.


Mar 05, 2009 10:34AM
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