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

To: charred who wrote (5072)	2/9/1998 11:48:00 PM
From: tanoose	Read Replies (1) \| Respond to of 10836

Hello charred; I had my reasons at the time, but proceed with your inability to understand, and try to make an honest attempt at really reading this post that I brought here from the SH forum; The next time MIC or someone else persists in asking why KRY was silent for so long on the departure of Ruiz, I would suggest you offer the simplest, yet most persuasive, explanation: Any announcement of the departure would have led immediately to a second question, that is, Why? An honest answer to the second question might have embarrassed the MEM because it involved an unpleasant personal animosity. The KRY leadership has made every effort to avoid embarrassing their host nation and its officials. Such embarrassment gains nothing and risks a great deal, given the sensitivity of the negotiations at this stage. As for our collective impatience with further delays, we should remember that the Venezuelan government has the initiative because nothing will happen until they allow it to happen. And we must allow for cultural differences. Doing business in Latin America is much like doing business in the Arab Middle East. Protocol and the leisurely, patient development of cordial personal relationships is an essential part of the ritual. North Americans who like to swoop in and get a prompt signature on the dotted line rarely succeed in forging the trusting relationships necessary for long-term success in such cultures. Given that the initiative remains in the hands of the MEM, MO and RF are doing exactly the right thing in not pushing the pace. In some respects, the leisurely pace of negotiations (with many, many things to settle) are probably a kind of test, to see if KRY has the staying power to understand local issues and do business on Venezuelan terms and in observance of local conventions. mycroft With regards,Frank P.S. Hey charred one, have you heard about the over 2000 pieces of paper that has been shoved at the CSJ by the other company???? Plenty more of bafflegab!