Re: further insight into the difference between GRZ and KRY

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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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Re: further insight into the difference between GRZ and KRY

in response to

Re: further insight into the difference between GRZ and KRY

prezone

posted on May 14, 2009 02:34AM

If Doug "knew" about this law why didn't he advise his shareholders to tender their shares to RML? All of a sudden he is just "giving up" !?

I have spoken to Doug Belanger 4 or 5 times over the last few years. Honestly, each time I spoke with him I became even more convinced that he never ever truly wanted to build a mine at Brisas. I think he planned to sell the Company at a healthy price with permits in hand... the Chavez gov has fouled that up, but plan B (settlement or Int'l Arbitration) looks ok to him in any event. Doug does not like Crystallex and doesn't do much to hide his feelings... I think he believed in a combined project wherein either Crystallex or more likely, a major, would buy out Gold Reserve's interest in the project. This guy does not like Venezuela - but who could blame him?