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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: Realistic Expectations
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Jan 11, 2012 07:02PM
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Jan 12, 2012 08:31PM
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Jan 13, 2012 01:12PM
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Jan 13, 2012 01:26PM

Just a thought.

Under the current bilateral agreement, "the compensation (related to an expropriation) will be consistent with the market value of the investments affected immediately before the seizure, or before they have been made of public knowledge and it will include the payment of interest rates at the normal commercial rate up to the date of payment."

Crystallex filed for arbitration on Feb. 16 after receiving a letter terminating the MOA at the beginning of Feb. 2011. The price of gold when Kry filed was around $1350. When Kry filed the letter of dispute on Nov. 28th 2008 gold was around $800. Perhaps this played into their decision to wait to file.

JJ


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Jan 13, 2012 03:30PM
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Jan 14, 2012 02:47PM
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