Welcome to the Crystallex HUB on AGORACOM

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: Red Flag
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Jun 10, 2016 11:39PM
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bmh
Jun 11, 2016 10:18AM
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Jun 11, 2016 06:57PM
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Jun 11, 2016 07:16PM
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Jun 11, 2016 07:45PM

An addition to my last post when Chavez cancelled our contract we shareholders, through our gracious and skilled management, spent $500M on planning, research and infrastructure in Venezuela. Remember the $35M (maybe more) of mining equipment stored in a Huston warehouse? That too was firehouse sold.

All this means that if our return is approx $200M that we are getting back 40c on each dollar we spent there. Certainly not fair.

So (just guessing) if you have 100k shares and you have to sign them over to Gowling you are actually risking $50K. Hmmmm!

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