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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: a task for any good sleuths: Goldcorp
2
May 14, 2010 07:32AM
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May 14, 2010 08:09AM

Been there done that EZ. Yes, in that same quarter as our PP announcement (March 2006 I believe), GG reported an investment in the investing section of their statement of cash flows that resembles the amount invested in KRY by our PP. They were both in the $30+M range. Unfortunately, GG has a lot of these transactions so it's tough to tell what has happened to that investment over the years. I don't see them as being interested in VZ at this time but I could be wrong. I think we've chosen our startegic partner (our maybe Chavez chose it for us) and we will proceed with them if we do proceed. I've always thought that GG would step up and protect their investment however and finance us through arbitration if that step was necessary.

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