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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

Message: Court doubts considering situation in Venezuela in PDVSA case

If Vz issues bonds for $1.4B will that save and/or delay sale of Citgo?

Might be the only solution if Judge quashes all appeals.

Bonds have to be backed up by cash or assets/equity. Where will they get it? Russa? No

Iran? No. Turkey? Maybe. China? Most likely. I don't think any country can affod to fully subsidize Vz.

Vz is 200% mortgaged already.

Otherwise Citgo must be sold now.  But there is agressive pushback that is politically reasonable because Vz needs Citgo and the American dollar revenue from it to rebuid.

Any other possible outcomes/options  other than shipping $1.4B in gold right now?


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