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: RML mooning....

There is no point in accepting a settlement now.  We've got them cornered and we should get every penny plus interest.

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 and I think around $970 million of principal is still owed.  By my calculation, if the award is paid exactly 16 years from April 13, 2008 – on April 13, 2024, then the interest should amount to $740,797,131.94 making the total award $1,710,797,131.94

 

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