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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: timeline
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Jul 31, 2012 08:20AM
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Jul 31, 2012 12:35PM
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bmh
Jul 31, 2012 02:17PM
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Aug 02, 2012 12:43PM

Aug 02, 2012 01:17PM

Mayo, fer sure. In fact, I have been saying for sometime now even though I am outnumbered in my assesment of cash burn 18 mos. post Nov. 13' would seem to me anyways as looking for more financing, dilution ect ect unless we get a suprise from Vz.

Burning $1 million a month with appx. $7 million left and $16 to draw from is cutting it close if the spending doesn't slow to $500k per month or less. Anyone here have an idea what happened to the $10.1 million worth of equipment? Is this sold?

I think GRZ is paramount near term in our case. I am optimistic but cautious . Berlanger and his debtors had the common sense to roll the debt and not fight the tape. In our case it's the exact opposite.

I truly hope the optimists here are correct....I am not so sure.

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