I think you should consider taking some profit!!!!
I HAVE A REAL PLAY IN VENEZUELA WHICH WILL DISCLOSED ON SUNDAY NIGHT...PRIOR TO MONDAY....
Wait and buy it on Monday
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Crystallex reports false information on its Las Cristinas claims.
Investors have been buying shares of Crystallex International Corporation
(AMEX Symbol: KRY) believing that a court decision pending in Venezuela can
effect the title of the Las Cristinas mining concessions. Specifically,
Crystallex claims it has the rights to "Las Cristinas 4 & 6 gold concessions" Cristinas. There is no ongoing legal proceeding or pending decision in any
court that can result in Crystallex having an interest in Las Cristinas. There
has never been a ruling by any court or other authority that can be reasonably
interpreted to question ownership of the Las Cristinas concessions. Likewise,
there has never been a ruling that created a possibility that Crystallex ever
had, or should have had, an interest in the Las Cristinas gold concessions.
Information to the contrary is necessarily false and misleading.
Below is a brief description of some of the factual and legal problems of
Crystallex^Os alleged claims. It is important to note that the Supreme Court
has already denied Crystallex's legal standing to make any claim on the Las
Cristinas gold concessions. The Las Cristinas gold mining concessions are
without question owned, and are being developed at a cost of approximately
$600 million, by a joint venture that is 30% owned by a Venezuelan State
corporation. However, in the analysis below we ignore two definitive court
decisions and two settlements that prove Crystallex has no Las Cristinas
interests. We also ignore all facts and laws averse to Crystallex^Os claims. We
assume that Crystallex is allowed to sue (which is not true) and is
successful. The magnitude of Crystallex^Os fraudulent representations becomesassume that Crystallex is allowed to sue (which is not true) and is
successful. The magnitude of Crystallex^Os fraudulent representations becomes
evident when even under this virtually impossible scenario there is still no
possibility that Crystallex can obtain ownership of Las Cristinas.
All of Crystallex's claimed Las Cristinas interest comes through an indirect,
not fully disclosed agreement with a Venezuelan company called Inversora Mael,
C.A. ("Mael"). In 1986, Mael attempted to execute and register a fraudulent
transfer of title of the Las Cristinas concession from its deceased owner.
Registration was properly denied and the fraudulent transfer was never
effected. The Republic of Venezuela sued Mael to remove any possible doubt of
ownership of Las Cristinas title. As a result, Mael's claims on Las Cristinas
4 & 6 were fully litigated. It was found and ruled that Mael did not own and
never owned any interest in Las Cristinas. Mael appealed this ruling. While
the appeal was pending a settlement was reached and approved by the courts. In
the settlement, Mael and its principal agreed that they had no interest or
claim on Las Cristinas 4 & 6. The Republic of Venezuela did not make any
payments or concessions in the settlement. The facts clearly establish that
Mael never owned any interest in Las Cristinas and was never granted any payments or concessions in the settlement. The facts clearly establish that
Mael never owned any interest in Las Cristinas and was never granted any
concessions to Las Cristinas. Mael's principals were subject to criminal
prosecution for their attempt to fraudulently obtain an interest in Las
Cristinas.
Crystallex's pending appeal originated from a previous decision against it at
the Supreme Court level. This decision denies Crystallex all rights to pursue
any claims to the Las Cristinas gold concessions. We have reviewed this
decision and found no factual merit or reasonable legal basis for Crystallex's
appeal. We anticipate that the Supreme Court's decision against Crystallex
will be upheld, which will finally and definitively end all of Crystallex's
possibilities to claim it has or can have any remote interest to the Las
Cristinas gold concessions.
However, if the above decision were reversed, Crystallex would still not gain
any right to the concession. Crystallex must obtain this reversal merely so it
can commence a legal action against the Venezuelan Ministry of Energy and
Mines. This legal action would have to reverse all the title transfers,
can commence a legal action against the Venezuelan Ministry of Energy and
Mines. This legal action would have to reverse all the title transfers,
construction and environmental permits, changes in tax code and joint ventures
that the Venezuelan government has solicited, organized and granted to create
the existing fully funded $600 million Las Cristinas mine project.
Crystallex's ownership claims assume it has already accomplished this
unprecedented feat, when it can not even legally file a lawsuit. Under the
best of circumstances this mindless endeavor would be no simple task. However,
Crystallex is even further hampered by previous rulings and well-established
facts that clearly show its claims have no merit.
The Las Cristinas concessions were granted through an international bidding
process. Voiding these concessions would cause extraordinary disruption to
Venezuela's emerging free market resource development efforts. However, simply
causing the annulment of the existing Las Cristinas concession in no way
assures or even creates the likelihood that Crystallex can gain control of the
concession. Under all circumstances, Crystallex would have to petition the
Ministry of Energy and Mines to grant it the Las Cristinas gold concession.
Both the Ministry of Energy and Mines and the Republic of Venezuela have filed Ministry of Energy and Mines to grant it the Las Cristinas gold concession.
Both the Ministry of Energy and Mines and the Republic of Venezuela have filed
legal briefs in court in opposition to Crystallex. Furthermore, Crystallex has
no basis to demonstrate that it can either finance or operate the Las
Cristinas concessions. Title to Las Cristinas gold concessions is not at issue
in any proceeding. However, even if the impossible occurs, it is absurd to
believe that the Venezuelan government will then turnaround and grant the Las
Cristinas concession to Crystallex.
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