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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: Timing of takeovers?

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Re: Timing of takeovers?

in response to Timing of takeovers? by The_Vet
posted on Oct 29, 09 10:16AM

Vet--I gave you a thumbs up on your post because there is a chance that it is spot on. Your comments were well thought out and reasoned. And if you are spot on, Fung will go down in my book as one of the most naive persons to ever walk the earth. However, I won't be too far behind him. I hope and still think that in the end you are wrong. In the recent past I have lectured KRY on the need to secure financing to show the VENZ's that we have the muscle to see this through arbitration. I was told the VENZ's already believe we have that muscle. I was told that KRY will not run out of money. However, none of these comments gave me the courage to buy more shares. If this goes to arbitration, stalling, in the end, will not save HUGO any money. There is so much money at stake here that I personally believe KRY will not run out of money. Somebody will provide the financing to see this to the end. Only question is---how bad will we as shareholders be diluted. The VENZ's clearly have to understand that the number of shares outstanding will in no way lessen the financial hit they could ultimately be faced with. Based on all of the above, I do believe serious negotiations are currantly underway.

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President's D.D.

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