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Welcome to the Crystallex HUB on AGORACOM

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: Couple things

After reading this part of the announcement again,

"satisfaction or waiver of all conditions contained in the Agreement and the execution and delivery of all closing documents including final definitive agreements which are being prepared and are expected to be completed before July 30, 2010. A meeting of Crystallex’s shareholders to approve the transactions is expected to be held in August, 2010 with closing expected in the third quarter of 2010."

The first part tells me that this could be compeleted before the end of July. Could happen soon... The second part tells me that the vote could occur as early as August 1st...not much more than 6 1/2 weeks away...they have been working on this for a long time, and it's possible that all they are waiting for is the word on the permit. The reason the permit may take time, is that Chavez is only one piece of the puzzle....from what I have read, their is more than one faction amongst the 'socialists', who run the country.

No one has answered my query, about the possibility that KRY will start exploring/drilling in other parts of their concessions.....nobody really knows what's out there, a few hundred meters down. There are other possible good deposits.

Keith


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