Welcome to the Crystallex HUB on AGORACOM

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

Free
Message: Management's Discussion & Analysis(M D& A) from 40F filing

Re: Management's Discussion & Analysis(M D& A) from 40F filing

posted on Apr 01, 2009 03:32AM

sasa, i'm kinda wondering what "kry plans to keep in compliance with the MOC" means? what compliance needs to be done between now and the next couple months?

exactly how much does compliance cost? what "continuing expenses" will we have between now and arbitration?

and probably most importantly: once arbitration begins do we continue to try and be compliant?...i would'nt think so.

what i'm getting at is:

arbitration time is quickly approaching. we spent $21mil in 08' for "continued operations"...if we enter into arbitration then we will have the bondholders to deal with and the arbitration costs. i dont doubt that kry could finance these costs between selling equipment, cash on hand, negotiations with bondholders and public/private financing but the strategy will change dramatically.

as investor65 said we may become an "arbitration" play...in which case the financial strategy of the company going forward will be paramount.





Share
New Message
Please login to post a reply