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

Free
Message: Re: GRZ arbitration this year?
2
May 09, 2011 06:10PM

Hi Cividale - I don't think there will be a scheduled ruling, since the hearing on merits is planned for February, 2012. There may, however, be a settlement offered by VZ depending on their level of desperation to get this started (or avoid an even larger payout required by the arbitration panel).

I'm waiting to see how Exxon and Conocophillips do - one of them is rumoured to be ruled upon in the next month or two. Based on their arbitration rulings, perhaps we can get a sense of what fraction of 3.9 billion we're likely to get should they rule in our favour.

ST.

1
May 09, 2011 07:44PM
Share
New Message
Please login to post a reply