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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: Response from Andrea (part 2)
6
Jan 06, 2011 03:31PM
5
Jan 06, 2011 03:33PM

i think she's telling us "look, they're not going to go the legal route and force payment immediately because that will take them until december anyway....

"the company has no plans to default"......of course not, worse case, the noteholders just takeover everything including arbitration and tell us shareholders to go pound salt..

it would be nice to know how they plan to "not default" on these guys in december...

i think the best case scenario here (barring a permit from venezuela) is that fung can convince the noteholders (or some other investor) to take 2/3 of any eventual settlement for the $200mil+/- it will take to pay off noteholders/IA legal fee's...

that would leave 1/3rd for shareholders upon settlement....maybe $1.50 share xxx years from now...if kry was actually awarded $2bil and got paid...

if anyone has a better idea i'm all ears....

3
Jan 06, 2011 03:54PM
1
Jan 06, 2011 04:00PM
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