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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: Detrimental to Comment

Detrimental to Comment

posted on Sep 03, 2009 07:06PM

Communications from Crystallex will only occur when their if evidence of a material event and it will only come when Venezeula decides the time for same is allowed; Yes it is very frustrating without a doubt and coupled with the uncertainity of the actions of Mr. Chavez and his taking owership of just about every enterprizing venture in existence has poisioned the true values of many opportunities with all and any major brokerages avoiding VZ period.

So, what about KRY and the status of Las Cristinas. We continue to hear regular consistent comments from KRY management when asked, which continues to be supportive of investors. (yes the bondholders are first in line, but at least shareholder value being vaulted around which is good) On August 26th RM emailed this response:

"Hello Mr. XXXX. The Company is working diligently to find an amicable solution to the Las Cristinas Saga and Dispute awaiting the Permit issuance. As disclosed at the June Shareholder Meeting, the Venezuelan Government expressed a desire to resolve the Dispute without an ICSID claim. The Company does have the option to file a claim for damages and compensation through ICSID under the Canada/Venezuela FIPA and is monitoring the situation very closely.

The Investment Community, Shareholders and Stakeholders will be updated on material change with a press release and/or regulatory filing.

We all look forward to the end of this chapter of the Las Cristinas Saga and hope that the next chapter has positive change.

Regards,

Richard Marshall "

Did he still comment about getting a permit! I think most of us have given up on that evern happening; interesting that he still mentions it.

OK, so back to the bondholders. Given we have not heard much about them lately one can assume that they too are satisified that something is in the works and they have chosen not to act pending some kind of positive outcome. However, when I broached the topic with RM this is what he had to say:

Q: Thanks for your reply. Does one imply that given there is no furtherance to the note holders suite that these same note holders are satisified that the solution put forward is satisfactory to a positive outcome expected.

A: No I don't think they are satisfied. They have not announced any next steps for their current action (the one held in abeyance until late July) and until that is dealt with or removed by them I would expect they're still frustrated.

Regards,

So I get back to why nothing is communicated by KRY. I think RM's communications from earlier this week can confirm out suspicions. Here is his email: (I underlined it)

The Company updates shareholders on material change and developments. As suggested at the June Shareholder Meeting, it is premature and could be detrimental to comment on discussions regarding the Las Cristinas Dispute until decisions or steps are taken. The Company is working tirelessly and in a prudent manner to find a solution/resolution to this saga.

Regards,

Richard Marshall

"detrimental to comment." Ok, this is where I leave it except for the recent market action and why there was some interest in KRY that is avoided by just about everyone. If not just an oversold bounce coupled with the recent action in gold price or a classis pump and dump, then what: dare I say a leak. Honestly I do not know, but someone knows something. Positive volume (green SP) means more motivation to buy then sell and is generally a good thing. The question remains to be the same: When? You can fill in the rest.

Sorry for the long post...

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