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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: Any date or time frame for note holder ruling?

brun, i dont see us going thru an arbitration (at least to the end) but....

other cases in icsid have concluded that in order to be awarded "lost profits" a company must have a "demonstrable ability" to show profits....this is a tough one imo...

my best guess is kry would pretty much be gauranteed $300-$500mil with lost investments+ interest......lost profits are up in the air..

our best course of action imo is to find financing to keep us alive until:

a- the govt changes

b- ven gets hammered in icsid on any case (which would increase our position)

c- ????

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Dec 16, 2009 07:19PM
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