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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: Quick Poll...Brown Pride
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Jul 10, 2009 06:55PM

Re: Quick Poll...Brown Pride

posted on Jul 10, 2009 07:22PM

How many plants did Cemax had and how much were they offered…. All we have is a piece of paper… that’s it… I just don’t see a billion dollar settlement, no way…

Exactly. These people have no respect for the law. I agree...from Venezuela's perspective...there are no refineries to pay for...no bank buildings\deposits to seize....just a "meaningless" piece of paper. All we have telling Venezuela that they owe us billions is our contract. I think we file for arbitration by the end of July. Perhaps that prompts these crooks to offer us a few crumbs (relatively speaking) down the road that Fung may or may not want to countenance given the bondholders, the cash burn rate, etc.

I've been in this stock long enough to know who we're dealing with. A leopard doesn't change its' spots.

T minus 3 weeks till arbitration and counting..

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