Re: Is KRY Going to Receive Any Accrued Interest on the Award?
in response to
by
posted on
Aug 04, 2023 02:00PM
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
Auntirooski.
Interesting. What if we use 6% p.a. compounded annually from Sept. 2018 onward? The reason being that KRY and Venezuela contractually agreed to 0.5% interest per month in the Second Settlement agreement if Venezuela failed to abide by the terms of the agreement, which it did indeed.
As people say, the devil is in the details. And some of us on this board have followed this case day-in-day-out at an excrutiating detail level to avoid being taken for a ride or dissuaded by naysayers.