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

To: charred who wrote (6892)	3/16/1998 2:29:00 AM
From: marcos	Respond to of 10836

"...once a title is given it can not be taken away." Yes, exactly. That is the central point of the case, that since the title is rightfully the property of Inversora Mael, the MEM could not legally 'give' it to CVG or Placer or anybody else, and that that 'giving' is hence invalid. Land title disputes are not unknown anywhere, I think. Here in British Columbia, which uses the Torrens system of surveying (as opposed to the 'metes and bounds' system used in Eastern Canada) which is a simpler, relatively problem-free system for securing clear titles to property, my friend has a neighbour who claims rights to use a gazetted road (gazetted by mistake in 1946 and never used, and not needed now, it's just that the neighbour is being a prick) that runs right through the corner of my friend's house. After more than 25 years of feuding, there is more court action to come, but always my friend wins, and the judge laughs. My wife's family lost almost 200 hectares of prime farmland in Chiapas some thirty years ago, when some people with better lawyers or more influence (read money) came along and claimed ancestral rights. This was quite unjust, those 'rights' were fake, and with some research and a few nickels and some patience the title could perhaps be returned, and I intend to look into it in the future. Land and its boundaries have been fundamental to my business for many years, and I have seen many disputes between owners in three countries, sometimes was involved in them myself. So I don't find the concept strange at all. Neither does the Supreme Court of Venezuela, it seems, if they are considering the case. As for the valuation of KRY once it has cleared title to LC, I agree with you. Some of the valuations spoken of back in this thread seemed quite unreal, LC is after all only a gold mine -g- in a bear market for gold. But a spike to 20 after a favourable decision doesn't seem out of the question, imho. There will be shorts looking to cover, and some won't have the option of waiting, their margin will be called. Others, myself included, will be riding the wave, and there will be some active days. Then it will settle out, where I don't think anybody knows right now. That's just one of those things that makes the game interesting. ............. cheers ................. marcos