Re: Price of Gold/price of KRY
in response to
by
posted on
Dec 07, 2010 03:48PM
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
I don't disagree with you that there are probably porblems with the deal we thought we would be able to complete in a timely manner. What worries me is that the market place thinks are arbitration value is so low. If breach is found the value of damages would be based on the value of the contract which would be based on gold price I believe at time of filing?. With the damages worth almost 2.5 times what they where five years ago it bothers me the stock is .32 cents. Further, does giving away 2/3 of the company to get the permit mean we are not fully confident in our arbitration positon. I think with a country like VZ we are not going to get anything with honey and we should have filed when GRZ did and we would have been in a stronger postion. I hope we have kept all are mining data seperate from the Chinese in these negotiations. VZ is obviously looking at this information and time savings in valuing GRZ and may do the same with Kry. I am sure with the price of Gold VZ maybe able to get a third party to buyout GRZ and Kry on the cheap.