<< I hope that you are not basing your investment decisions on the on-again off-again
announcements by MINCA/Placer Dome. There is still no sign of the much
expected new Mining Law.>>
I hope you are not basing your investment decisions on the announcements by VHeadlines or Crystallex PR. There is no sign of any
sucessful outcome to their loudly promoted, and Supreme Court demoted, claim to Las Cristinas.
<<Placer Dome has, so far, held two ribbon cutting ceremonies that have not been
followed up by start of any physical construction, only re-start of engineering
studies. >>
Yeah, mines take time. Note that PLACER DOME has possession of the site, and the President of the country was there with THEM. Where's Crystallex in this picture? Uhhh....not in it at all, that I can see.
<<As well, PDG was not able to secure the non-recourse financing that it had been
seeking, likely due to the political turbulence in Venezuela >>
I agree, that was likely the reason. Also, PD has extended itself with lots of properties, maybe too much for a banker's liking.
<<and quite possibly the fact
that title to Las Cristinas, as confirmed by the Supreme Court of Venezuela, is
registered in Inversa Mael.>>
I really doubt it. I followed the whole drama on the KRY thread last year and disagree completely that the issue is still open. The argument "Placer
is delayed, ERGO Crystallex's claim to Las Cristinas has merit" is
silly and in my opinion smacks of desperation.
<<In addition, you can expect Crystallex to pursue their
initiatives to fully enforce its rights to Las Cristinas.>>
How? No info, just vague promises. When? No info, just vague promises.
What you just said was in the KRY press release last summer, right after the BIG LOSS. Tell me in detail what legal or other steps have been taken by KRY since the Supreme Court decision last year. Did KRY file any motions for rehearing? What's the status? What was the deadline to file? This is all publicly verifiable, get us the info if
you want anyone to believe that they EVEN HAVE any "initiatives to fully enforce their rights to Las Cristinas". Or do you just believe pronouncements by the company because the company made them? that's what you told me not to do.
<<The first three rulings were favorable to Crystallex, while the fourth which sought to
have actions (granting of mining rights) taken by the Ministry of Mines reversed,
was not successful.>>
The fourth decision...hey, it was the LAST decision!! And it's not appealable!! Placer is in possession, and the challenge to the grant of mining rights to them is now finally denied. Sounds great for KRY.
In my view, the earlier decisions are of historical, or perhaps nostalgic, interest. The last one decided, with finality, the grant of mining rights to Placer Dome.
<<Crystallex is forced to take another legal avenue to complete the
logical conclusions of first three consecutive Supreme Court victories.>>
How? When? |
