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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: What's Next Venezuela?

This is an amazing admit by a company that claimed they were the "muti-national company of choice" by Chavez.

"On August 23, 2011, President of Venezuela, Hugo Chavez, approved a decree with force of law ("the Decree") which reserves to the government of Venezuela exclusive rights for the exploration and extraction of gold in Venezuela and is pending publication in the Official Gazette of Venezuela to become legally enforceable. As of the date of this news release management cannot conclude on the impacts of the Decree on the Company."

Sort of feel sorry for them. PPS 12 cents tmx. Latest annual report from RML indicates they do not know what next to expect. The above is a line out of their annual report. Initially they made a claim that the decree did not apply to them but applied to only the wildcat small miners. They now seem bewitched.

if we can outlast chavez, probably best to be in arb and not in mining.

are we glad we're out of the mealstrom?

However this turns out the sooner the better. I'll never read another Vz pubication, ever. Get me out of here.

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