To: Syncrude who wrote (9526 ) 7/28/1998 2:27:00 PM From: Jerry Collins Read Replies (1) | Respond to of 10836
Oookay, Patrick -- So what you're saying is Placer's quick dismissal of the possibility of a payoff for Crystallex equals serious discussion of a KRY buyout, which in turn would lead to the legitimate existence of a buyout rumour. Have it your way. You're version of events, I'm sure, is absolutely correct. Thanks for reminding me that we haven't journeyed into the past with Roy Carson. Here's one from the middle of April. I especially like his chatter about how wrong we'll be proved -- which is what Avalon now says. Talk about irony. ------------- Crystallex International Corporation KRY Shares issued 34,000,000 1998-04-15 close $6.45 Wednesday Apr 15 1998 Roy Carson, the Caracas-based purveyor of happy news from Crystallex International, is critical of a two-part series by Stockwatch on court cases relating to mining rights at the Cristinas 4 & 6 concessions. "I guess everybody's used to it now," the folksy journalist writes in apparent reference to how the North American news media have handled the story. "Big yawn!" Mr. Carson made his comments in a VMI Briefing e-mail to subscribers on April 15. The Stockwatch series indicates Crystallex and its local subsidiary Inversora Mael are attempting to sue the government over mineral rights; KRY claims the case is about the confirmation of ownership rights to the concession. He adds the joy of the series is to see how Stockwatch "must reverse itself when reality dawns" that they have "screwed up enormously." Mr. Carson, a transplanted Irish-British national, repeats Crystallex's position that the courts have sided with KRY on the ownership issue three times in the past. He calls it a "fact of life" that Crystallex holds title to the concessions through its Inversora Mael subsidiary. Placer Dome has worked the concessions since 1992 on the basis of a government-issued work contract. -------------- Jerry Collins CSW