SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : Crystallex (KRY)
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: charred who wrote (9777)10/8/1998 10:44:00 PM
From: Syncrude  Read Replies (1) of 10836
 
One big question which is out there is WHY has PDG/MINCA joint venture not announced successful financing plans? PDG has announced that it is comfortable with the prospects for the price of gold, so that excuse is not valid. In any case, Las Cristinas would not produce before 24 months from now at the earliest. PDG keeps pushing back the date at which it expects to have the financing in place. MINCA does NOT have the financial capacity to fund its share of the project.

PDG appears to keep pushing the project date time and time again.Why would PDG do this if it was not faced with a problem.

There is speculation that there is another reason. Part of that speculation surrounds the owner of the land, ie. Mael.

Meantime, Crystallex appears to be experiencing delays of its own in securing veta rights to Albino and the conclusion of other deals such as Carabobo.

It may be a stretch (although not a big one in my view) but the destiny of PDG and KRY may be linked with respect to Las Cristinas. It is possible that both companies are being pushed into coming to an agreement that would benefit all three parties.

I never said that I felt PDG was out, others have posted this opinion, based in part on PDG's environment record elsewhere in the world. Where do you get the notion about a PDG deal for Albino, can't find this in my post.

Again, this is pure speculation and offered as an opinion. I thought that discussion forums were made for discussion, no?
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News