Re: Gold Reserve Awarded $740.3 Million by ICSID
in response to
by
posted on
Sep 25, 2014 01:41PM
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
Those Award estimates, at least, sound good.
$713 large to GRZ was compensation for property ownership, and a broken contract.
Crystallex holds a broken contract. No real estate property.
Debt/Loans off the top - probably closer to $300 large by the time this is over.
Crystallex management still receive Arb proceeds with their "AttaBoy" compensation scam.
Management really took care of shareholders with the voluntary revoke, but who knows.
Hopefully, Tenor-Crystallex backroom shenanigans are minimal in shareholder take-aways.
Since Crystallex appears unprepared to immediately claim Ven assets, the additional time to collect, unfortunately, implies there will be additional percentage take-aways by Tenor because of the additional and necessary funding for Crystallex to stay alive during collection. What is the cash burn rate now, anyway?
The GRZ award is great for GRZ holders, and provides some closure. Final closure will come upon collection. The week before the award announcement, GRZ stock trended down. You'd think there would be some sort of trading opportunity or major upside on the announcement. Especially on something that many here have claimed would be significant. Market does funny things. GRZ stock seeing some luv today, on a bad Market day.
Hope everyone is doing well.