Re: So much for good press.

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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retflash

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Re: So much for good press.

in response to

So much for good press.

Jingles

posted on Jul 29, 2010 07:50PM

that is the bottom line... Stay away from Ven eh??

Yep... If I had 40cents for every person that said that to me in the past 10 years....

Crazy but, true story:

10 years ago a major client of mine was doing infrastructure work in Ven. for about $100 million, out of the blue the Bank doing the finance wanted 1 % fee for Political Risk Insurance. the ceo flipped out, and called me to review. I told him to check the original Finance Commitment, and if it was there... and it was, he was out of luck..

I remember expressing an opinion that was pretty expensive and possibly excessive....