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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: Cogito Ergo Sum who wrote (89229)	4/18/2012 11:11:23 AM
From: average joe	Respond to of 219464

I met someone from Venezuela recently and when Chavez's name came up you could see him wince. Remember these poor Joes? "Crystallex has a successful record of developing and operating gold mines in Venezuela and elsewhere in South America. Crystallex is headquartered in Toronto, Canada. The Company’s shares are traded on the OTCQB Marketplace under the symbol CRYFQ. In September 2002, Crystallex was awarded a Mine Operating Contract (the “MOC”) to develop and exploit the gold deposits on the Las Cristinas concessions. Las Cristinas, located in Bolivar State in southeastern Venezuela, is one of the world’s largest undeveloped gold deposits with Measured and Indicated resources of 21 million ounces of gold containing 17 million ounces of proven and probable reserves calculated at a gold price of $550 per ounce. Crystallex’s exploration efforts to date indicate that gold mineralization at Las Cristinas remains open at depth and in certain areas at surface. Las Cristinas thus has considerable potential to grow even further. Under the terms of the MOC, Crystallex undertook geological, feasibility and environmental studies, completed detailed engineering work, awarded construction contracts, purchased equipment, employed staff at the mine site and secured, refurbished and maintained the existing facilities. In addition, Crystallex completed, as obligated under the MOC, a number of community social programs, including building houses, upgrading water treatment plants, installing a sewage network and sewage treatment plant and constructing a medical facility. Las Cristinas was advanced to the point of commencing earth moving development activities. Since 2002, Crystallex complied with all terms of the MOC. With the approval of the Feasibility Study in 2004 and the Environmental Impact Study in 2007, along with meeting other requirements, Crystallex fulfilled all the conditions necessary for the grant of the permit to commence mine development at Las Cristinas. In 2008, in contradiction to the legal framework in Venezuela as well as the Government approvals, the Government of Venezuela denied Crystallex the permit to develop Las Cristinas. Despite Crystallex’s continued compliance with the MOC and efforts to reach an amicable solution, the Government of Venezuela unilaterally cancelled the MOC on February 3, 2011. By denying the permit, unilaterally terminating the MOC, along with other measures, the Government of Venezuela has illegally expropriated Crystallex’s investments in Las Cristinas and eliminated the opportunity to develop a mine. As a result, Crystallex filed a Request for Arbitration on February 16, 2011 under the Additional Facility Rules of the International Centre for Settlement of Investment Disputes, (“ICSID”) of the World Bank in Washington, D.C. against the Bolivarian Republic of Venezuela pursuant to the Agreement between the Government of Canada and the Government of the Republic of Venezuela for the Promotion and Protection of Investments, (the“Treaty”). The claim is for breach of the Treaty’s protections against expropriation, unfair and inequitable treatment and discrimination." crystallex.com

To: Cogito Ergo Sum who wrote (89229)	4/18/2012 1:00:16 PM
From: elmatador	Respond to of 219464

A nationalization EU loved! Anglo Irish bank nationalized cost Euro34billion! • Finance minister warns bank failure would 'bring down' Ireland • Bailout will take government debt to over 100% of GDP • 'Ireland's Black Thursday', says Irish Labour party The massive sums of tax payers' money injected into the Irish banking system will inevitably lead to an even more austere budget this December than had been projected. Lenihan said that while the overall level of state support to the banks remained "manageable", there would have to be further "consolidation" of the public finances next year, over and above the targets already announced. guardian.co.uk