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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Message: More come knocking.

Best guess is that Crystallex has received $500m to date and is due another $814m in various installments starting Feb 2019 until Feb 2021.

$500m is enough to take Crystallex out of CCAA and so that process has begun with priority given to paying off creditors.

What that leaves shareholders is unclear with tax being the biggest variable. The hope is that Tenor will buy out the remaining 12% of shares they don't already own sooner rather than later but there has been no indication of this.

If $500m covers all creditors and taxes then shareholders will be due 9% of $814m (3% goes to the MIP) or 20 cents a share. Any offer by Tenor (if that is what they do) in excess of 20 cents would be good to see, particularly if it comes this year (as they will take the risk of VZ reneging again).

Doesn't mean you have to take it.

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