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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: Quality of the Deal
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Jun 09, 2010 01:07PM
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Jun 09, 2010 02:17PM
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Jun 09, 2010 02:48PM

"By the way, the current sp has nothing to do with the quality of the deal"

There is no "quality of the deal" if there is no deal.

And there is no deal until the permit is granted.

Look at RM's statement.....

Q: Would you expect the permit before or after the deal is approved with the Chinese?

A: The closing of the transaction requires the issuance of the permit.

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Now there are those who say (because the Chinese are now involved) that the permit is a formality, "a done deal". But we've seen in the past, over many years and with many players, that the permit is more than just virtually impossible to get. For GRZ it was actually revoked once it was granted.

At 45 cents a share it's clear the market does not see this permit as a done deal and therefore they're not chasing after this stock. They are nibbling at it, shaking shares away from nervous investors, and waiting to see if the permit actually comes, and if the deal actually goes through and is approved. They want to see shovels turning over dirt.

Then and only then might they actually be interested in the particulars of the deal in relationship to the price of gold and the number of ounces in the ground.

Once again, the Chavez discount factor is stinking up this stock.....daily.

Cividale


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