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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: SETTLEMENT

If I got this straight, KRY received previously 76.6 million, was supposed to be paid in 425 million in September 2018, get $18.75 mil in Febr, April June and August for a total of $75 Mil then $100 Mil in March, June and October, all 2019, then another $100 Mil in March.June and October 2020 for a total of $600 Mil. and then there will be 24 monthly installments  of roughly $5.8 Mil, starting the end of March 2019, ending Febr.2021. These add up to around $140 Mil

So;

$74.6+$425+$75+$600+$139.6=$1.314.200.000

The Award was for $1.202 Billion, so my guess is the the differece is accrued interest.

The big question is, did they pay the $425 Million in September?

Rob

PS Who invented this weird scheme  with 2 or 3 different payments in on month? Must be Fung!

 

 

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