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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: Don

Don

posted on Mar 12, 2009 06:30PM

To answer your question on why I think this is positive.


You said: The fact that Venezuelan officials let this go on is kind of alrming to me as to what their intentions are, and should make any shareholder have serious concerns in this regard, in my opinion. Who is in control down there?


You are right Don about the VZ officials and why they let this go on. First look at who RML is using and who paid for RC to go to VZ and report on their operations. Also look at these stories like today that was a definite plant but a screw up on their part with the date.


If RML really had a good things going (Partner of Choice) do you think they would actually use Roy Carson? Why not go to ABN, EL Universal, Reuters or Dow Jones for starters. This to me is an underlying low life effort to get at some of largest gold deposits in the world. RML knows that these other news services won't even touch their tactics of trying to underpin KRY & GRZ.


As you have said not everything is rosey with management at least as far as what we see and yes this is a speculative play to the max on the outcome.


The stock has been beaten beyond belief as we all know so there is another aspect (to me) that is suspect.....the bashers. If you think about it why would these people really care what the outcome of this stock is at this pps...really think about that one. Last year this stock had over 12M short interest prior to the denial. The bashers were the same at 6, 5, 4, 3, 2, 1, .11 and now at .29. So wouldn't you think if these bashers were short that most would be gone by now?


I think somebody wants this gold mine and they are doing everything in their power to take it.


If KRY was done why hasn't VZ just said it? The denial in April was the prime opportunity for them to just get rid of KRY. They didn't and even brought KRY back to the table and ACCEPTED their proposal...why? If they don't want us there.


There are however many theories on why this may have happened..IMO.

VZ wants everything (mine info, plans, drilling date...etc) to be intact and up to date on giving KRY, RML or whoever the permit in order for the Russians one day to Buyout, merge or VZ compensate. If KRY is boughtout/merged/50/50 with VZ nothing changes with plans that are already in place for the permit. In the event KRY's contract is cancelled and/or kicked out the permitting process begins again for the next company....hence everything needs to be in place to get mining going for 2009 as Sanz has already quoted.


The next theory on why KRY's proposals have been accepted is that KRY is still in a waiting game with the slow VZ gov't who can't seem to get around to doing anything in a quick fashion...could be just as simple as that.


I am sure there are many more explainations out there but these are a few that I myself have the most merit. The class action and note holders could be tied up in court for a long time so those aren't of consequence prior to arbitration however with a permit prior would probably cancel both of these out real quick.

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