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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: GRZ Claim
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bmh
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Sep 28, 2010 12:48PM
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Sep 28, 2010 12:51PM

Financing has never been a problem for Fung. (Maybe only a half a billion more shares)

I would like to know if arbitration is still possible because if it is not, the Vennies don't have to do anything but wait.

I hate all the bickering- GRZ is up from .80 cents in July while KRY while we are still under .40 The only reason for this must be they chose arbitration and we are still working on a deal. Those are the facts so deal with it. There is no garuantee that they will prevail in arbitration or that our Chinese deal will happen.

My take on all this is distubing even to me. The likelyhood of a fair/reasonable outcome for GRZ is possible because their choice (of arbitration) puts their conclusion to this mess out three to five years. We are trying to make a deal in the current lousy enviroment.

It is what it is. If you are long GRZ or KRY it dosent matter, you are still underwater. But if you bought GRZ three months ago you are up 50%. I would not have bought GRZ because I am in shell shock over here at KRY and way down on the whole Venezuela thing, but someone bought.

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Sep 28, 2010 04:18PM
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