Re: Looks Like it Was Not a Paint/redrock
posted on
Jun 11, 2011 08:37PM
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
redrock, i'm not sure why your message was deleted but you are right...i should have said "the year end financial statement ending dec 31st"...actually filed in march
"Subsequent to year end, the Company commenced a process to sell its remaining mining and milling
equipment currently held in storage related to the Las Cristinas Project. If this equipment is sold for proceeds approximating carrying value, management projects that such funds would be sufficient to fund ongoing operations, including the July interest payment, up to December 2011 when the Notes are due.
There are, however, no assurances that the sale process will be successful and, if it were successful, there are no assurances as to the amount or timing of any potential proceeds.