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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: Venezuela’s Maduro Said to Cancel U.S. Trip Over Cuban Plane

Having spoken to a person yesterday who spends a great deal of his time tracking the VZ circus, here is his take on this article. All the claims by VZ that they acquired all this new financing from China are BS. This was merely a rehash of previous financial discussions and commitments. This news started breaking in the VZ newspapers. Thus the cost for VZ to borrow money started to skyrocket. Maduro was simply in a big hurry to get back to the country to try and bail water from the sinking ship. On another note, do you remember several years ago when Brazil and VZ entered into a joint venture to build a refinery in northern Brazil? The project is now 75% complete. This past week Brazil pulled out of the joint venture and took 100% control of the project. What was the reason? VZ had not put a red cent into the project. VZ is all hat and no cattle.

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