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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: What I Believe EZ
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Oct 02, 2011 10:23AM
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Oct 04, 2011 10:14AM
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Oct 04, 2011 10:55AM
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Oct 04, 2011 11:10AM

No bear,

Can you give an explanation what would happen under the following scenario.

1. The ICSID case does start soon, before the bonds are due.

2. KRY does not find the money for refinancing the bonds.

I guess my thinking is, KRY files for bankruptcy protection, which will buy us more time in the ICSID case. If this is a valid possibility, then the bond holders will have to wait for the ICSID payment (they get the first $100 million, plus additional interest) and we don't need to worry about the refinance.

Thanks for support on this board, it is appreciated.

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Oct 04, 2011 03:26PM
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