Re: GRZ Decision hopefully will help us.
in response to
by
posted on
May 23, 2014 11:12AM
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
On that note, GRZ may have been more prudent in that regard by not puking millions upon millions of dollars into the project before the final deal was struck(final permit and approvals). If kry wanted to they could have stood on thier "legal ground" far before they did. If the end game was and arbitration case then I guess they did dot all the i's and crioss all the t's. In hindsight was it really that smart business wise to spend all that money the way they did by "who cares Fung"? My personal belief is they knew the course this was going far before it became "official". A good company would have cut the losses and filed long ago and moved on to other ventures.
There were many analysts and professionals that knew this and warned about this years before, but we were smarter, right? This whole story reeks of stupid, and yes I'm in there.
Don, while we disagree at times, I fully agree with what you have written. It would not surprise me one bit that it was determined a long time ago that we would be headed to arbitration. It also wouldn't surprise me that management decided that they would spend millions making sure they were compliant so they could continue to collect their salary as a by product.