Crystallex Intl Corp Com (NASDAQOTH:CRYFQ)

CAPS Rating: No stars

The Corporation and its subsidiaries explore for, mine and produce gold, with a primary focus on Venezuela.

Recs

1
Player Avatar njyanezc (< 20) Submitted: 3/2/2008 9:20:33 AM : Underperform Start Price: $2.10 CRYFQ Score: +142.52

The information is confuses. They said "Earlier this year, Mr. Rodolfo Sanz was appointed the Minister MIBAM and President of the CVG, having direct involvement with the Las Cristinas project in both capacities"(02-28-2008). But MIBAN means "Ministerio de Industrias Basicas y Mineria". The entity which has not granted permissionis is MINAMB (Ministerio del Ambiente, Ministry of Environment, web:www.marn.gov.ve). My opinion is that situation is not clear and in this year there will be elections for governors and mayors (in November). Besides, the government has a conflict with Exxon-Mobil and there are many internal problems. I can not see it easy.

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