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Gold/Mining/Energy : Crystallex (KRY) -- Ignore unavailable to you. Want to Upgrade?


To: Elizabeth Andrews who wrote (10589)7/16/2001 10:36:32 AM
From: Syncrude  Read Replies (2) | Respond to of 10836
 
Elizabeth,

We don't know what consideration (if any) Vannessa paid (either up front or deferred).

Despite what the bashers like to say, Placer Dome is not stupid.

The timing of the deal was not, in my opinion, a coincidence. CVG had demanded that operations start up, or else the contract of work would not be extended again. Is Vannessa intending to do just that in order that the Minca joint venture secure an extension? Is this all part of a larger settlement arrangement that would allow all parties to save face?

It is still too early to tell.

By the way, KRY has been trading today on the Toronto exchange as low as $2.01 Canadian, with the last trades at $2.50 Canadian, down 64 cents! Firday's close was $3.14 Canadian. Volume now at 112K shares.