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Gold/Mining/Energy : ECHARTERS -- Ignore unavailable to you. Want to Upgrade?


To: E. Charters who wrote (2629)6/9/1998 7:01:00 AM
From: Buckey  Read Replies (1) | Respond to of 3744
 
Cross Lake has rumours out. Good morning - well ye all sure got our attention. Just a point of clarification as I too have heard some rumours but I also have heard them before.

My question is simply: Did these come to your attention after close yesterday? as volume still seemed rather low.

I understand if you are not at liberty to comment further.



To: E. Charters who wrote (2629)6/11/1998 5:56:00 PM
From: Mr Metals  Read Replies (1) | Respond to of 3744
 
Hey Moe, what happened...

Crystallex International Corporation -

Bloomberg says Venezuelan court rules in favour
of PDG

Crystallex International Corporation
KRY
Shares issued 34000000
1998-06-10 close $5.35
Thursday Jun 11 1998
Also Placer Dome Inc (PDG)
Bloomerg Financial news service, in a bulletin
distributed at 4:56 p.m. Eastern
time, says the Venezuelan Supreme Court has
rejected a claim by
Vancouver-based Crystallex International that it
held title to the country's richest
gold deposit. The report says Crystallex
apparently has accepted that it has come
to the end of its legal road concerning the Cristinas
4 & 6 deposits. Said KRY
lawyer Ricardo Cottin: "This is a decision we will
respect, even though we don't
share it." Bloomberg says the decision clears the
way for Minera Las Cristinas, or
Minca, to resume construction of the mine which
was halted in January pending
the court ruling. Minca is a joint venture owned 70
per cent Vancouver-based
giant Placer Dome and 30 per cent by a local
government agency. Bloomberg
quoted a Placer spokeswoman as saying: "We are
happy that our rights have been
recognized." Placer will hold a press conference at
5 p.m. Eastern time, the report
says. KRY ended a wild day of trading down
$2.80 at $2.55 on very high volume
of 1.36 million shares.