SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : Crystallex (KRY) -- Ignore unavailable to you. Want to Upgrade?


To: Carl who wrote (7283)3/21/1998 6:15:00 PM
From: Bob Walsh  Respond to of 10836
 
To all - Carson post on SI: "LC4&6 Rights belong to Inversora MAEL"

Inversora MAEL owns the denouncement rights to mine alluvial gold at LC4&6 by right of purchase of the original concession which was awarded by Presidential Decree and may NOT be revoked. The MEM have erroniously tried to revoke those rights. The Supreme Court has ruled now on three occasions that the Ministry had no right to deprive Inversora Mael of it's rights and the whole process is now returned to its 1986 status. The 4th ruling is to get rid of erronious MEM paperwork (resolutions) and has NOTHING whatsoever to do with Placer Dome, MINCA or the CVG.

Unfortunately this is what so many people apparently have difficulty to understand and I can only refer them to the texts of the 1st, 2nd and 3rd Rulings for 100% confirmation.

This is also perhaps why so many people believe that I am one-sided for Crystallex. I'm NOT!

It's simply that Placer Dome have nothing to do with the case other than their persistent and erronious claim to some promised by a CVG official that maybe some time in the future the Ministry might get
around to exchanging their work contracts for a share of concession rights which neither the Ministry or the CVG have been shown as unable to give.

best regards
Roy S. Carson