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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: $297,069,000
4
Jul 02, 2010 07:01PM
1
Jul 02, 2010 07:18PM

Just some random thoughts on this.

1. I'm not sure about how VZ plans on taxing the LC profits but how do you think they'll take it if KRY offsets future income with these loss carryforwards thus avoiding paying VZ their share? Hugo won't likey too much.

2. You could also look at them reversing this transaction if the mine is back on track. It was written down because the asset was impaired meaning it didn't look like it was moving forward after the permit denial. Now it appears to be.

Have an enjoyable weekend all.

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