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"Crystallex International Corporation is a Canadian-based gold producer with operations and exploration properties in Venezuela."

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Message: 3 pops at grz, kry painted to .27 again........

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Re: 3 pops at grz, kry painted to .27 again........

posted on Sep 18, 09 02:21AM

I don't think you can get a set date with all the stuff happening that can cause more or less cash burn. Kry could probably say sometime in Q4 as a worst case and end of Q4 as a best case. I do remember seeing or reading that we have enough to make it to the end of Q4 but I can't remember exactly.

As an example lets look at the medical clinic. KRY has been trying to turn it over to VZ and it should happen next month. Until we turn it over it is on our payroll. Each day we pay for things like the clinic drains our resources. How does KRY give a specific date date for burn rate without knowing when they will get rid of costs like the clinic?

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This is an English version of the Crystallex - CVG mining contract in summary form. read more