Re: Crystallex Reports Noteholders' Appeal Dismissed
in response to
by
posted on
May 19, 2010 05:12PM
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
Agreed. I think there are still 2 suits still in the system right now against Kry but I don't see either of them effecting doing a deal with a partner.
People have been demanding answers for months from Kry as to what their plan is. It seems pretty clear that they not only have a plan but it is advancing forward.
I have believed for some time that our 2.5 million loan was from our strategic investor. Like Ian, I think even if this turns bad they will be there to support us through arbitration.
IMHO it now appears that KRY has aligned them selves with a Chinese company supported by the Chinese government.
As the noose continues to tight on Hugo because of the economy and rising exchange rate on the black market he will become more and more dependent on foreign infusions of cash. He has burned so many companies and countries with the whole nationalization craze he has run out of where to turn. Plan and simple he will not screw China because they have the need for Hugo's oil and an endless supply of cash.