Why 1/3 rd?

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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auntierooski

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Why 1/3 rd?

posted on Jun 07, 2010 12:44PM

I think Fung said (or RM) that if KRY ever went to arbitration the amount required would be about $2 B. If the worth of it is $6 B, then that's 1/3 rd. Which means Fung got what he expected and no more.

Hence the furthest this stock might go in trading is $2B divided by 300 M shares divided by 2 again (contingency reasons). Down the road 2 years max. If it's all we can get it's better than nothing.