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

To: Lee Bush who wrote (6823)	3/14/1998 7:30:00 AM
From: marcos	Read Replies (2) \| Respond to of 10836

Sorry, Lee, I jumped to a conclusion there, posting in a hurry. RL says Bishop says that the Court will state its decision this coming Tuesday. Well, I think not this coming Tuesday. Also, I think the possibility of a legislated solution should not be discounted. Venezuela is a different country, and things work differently. It is unique even in Latin Am‚rica, in a number of ways. In its history, it is the birthplace of Sim¢n Bol¡var, El Libertador, who led the cause of independence from Spain. He liberated five countries - Venezuela, Colombia, Ecuador, Peru, Bolivia - six, if you include Panam , which until Teddy Roosevelt decided otherwise was a province of Colombia. It was early news of the efforts of Bol¡var that inspired hope in Hidalgo, the first revolutionary of my country, M‚xico. The story of Bol¡var is a long one, and worth studying. He was born in Caracas, and the nation of Venezuela identifies with him. Oil made Venezuela rich by the 1920s, it was the world's first exporter, and forty and fifty years ago it was the world's largest exporter of oil, and was unique on the planet for having neither an external nor an internal debt, nor income taxes, nor real estate taxes, nor excise taxes, nor corporacion taxes. Oil paid for everything, and it paid well. The cost of living in Caracas in 1940 was three times that of New York City. They have had some problems with their rulers - well, this is not unique in Latinoam‚rica, but V had its share of extremes - for 27 years until 1935, the country was ruled by a man called 'El Brujo' (the Sorcerer, they also called him 'The Catfish'), who using varios inconceivably brutal methods of torture and intimidation ran V as a private fief, his own personal wealth ranch. Bill Clinton would envy him, he had almost a hundred bastards, of whom he would boast at length, and until his death at 77 was still looking for a woman to be a 'perfect mother' for his lawful heir. They've come a long way since then, there is a definite strong wind of reform blowing. So what is my point - it is this; Venezuela is not some two-bit banana republic, this is not Noriega's Panam or El Salvador. It is a rich and cultured nation coming out strongly from under a cloud of corruption, still having to deal with the complications of the past, yet determined to be seen as fair in those dealings. Which means, imho, a decision that is not 100% in favor of PDG/CVG or 100% in favor of KRY/Mael, but somewhere in between. A decision that, the case being so murky and delicate and precedent-setting, the legislators decide to deal with, whether at the request of the Court or not. And Tuesday the 17th of March is too early for this ........... cheers ...... marcos