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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: US Treasury to Allow Auction of Shares in Citgo Petroleum's Parent
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Icon president US Treasury to Allow Auction of Shares in Citgo Petroleum's Parent

ifeelyellow
Apr 30, 2023 12:29PM
Icon president Re: US Treasury to Allow Auction of Shares in Citgo Petroleum's Parent

ifeelyellow
Apr 30, 2023 12:34PM
Re: US Treasury to Allow Auction of Shares in Citgo Petroleum's Parent

Don-wys
Apr 30, 2023 11:01PM
Icon president Re: US Treasury to Allow Auction of Shares in Citgo Petroleum's Parent

ifeelyellow
May 01, 2023 11:02AM

On KRY's award, interest is calcuated at the 6-month average U.S. Dollar LIBOR + 1%, compounded annually, calculated from 13 April 2008.  In April of 2008, the 6-month avg US. Libor was 2.61%.  So add one percent to that and the interest rate should be approx 3.61% on the total award.  The award was $1.202 billion.  By my calculation, if the award is paid in 2023 (i.e. over 15 years later), then the interest should amount to well over $800 million, making the total award to be collected over $2 Billion.

Does anyone have an idea of shareholders' estimated percent of recovery after all the dilution that has taken place?

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Icon president Re: US Treasury to Allow Auction of Shares in Citgo Petroleum's Parent

ifeelyellow
May 01, 2023 03:12PM
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