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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: talk of takeover
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Apr 10, 2009 08:45PM

Don, from what I understand from RM is that KRY can sell what they have now with a contract in place and with approval from VZ, but if the contract for some reason is null and void in any circumstances then the company that is chosen after that has to go through the whole process or the whole shabang over again.



Let's think about that for a moment. Sanz says mining will begin at LC in 2009. So if KRY's contract is cancelled then the new party will have to begin the permitting process all over again...that is everything just not the EIS which has already been approved for KRY.



Maybe just Maybe there is good reason that KRY was brought back to the table June 2008 and had their proposal approved. Are the bond holders creating their own line in the sand with VZ? Could be.



There has got to be a reason for a Protection Order put on these hearings and for the delays that have come about. Did the bond holders jump the gun? Was there some information they were not aware of? Did they really depend on just newspaper articles? Now nobody knows because a Protection Order has closed the case up due to something that somebody does not want the public to know. Does KRY not want the public to know something? Or would the bond holders not want the public to know something?



A poster on SH says that the bond holders are one of the largest shareholders of KRY. So if that poster is correct then what are the motives of a proctective order? Are they afraid of their own case hurting their own shareprice in their large stake? Doesn't make sense.



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Apr 10, 2009 09:18PM
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