il faut le rappeler de temps en
temps ... voici ce qui arrive à cristallex ( KRY ) une des chouchoutes de l'année passée ..-48% mardi apres midi .. qui n'est jamais rentrée dans notre liste de favorites ...
More bad news for gold shareholders:
9/20 Vancouver - DJ - Shares of Crystallex (KRY) have slumped 48% on Tuesday afternoon after President Hugo Chavez said his government is reclaiming national mining assets and mentioned Las Cristinas, a deposit that Crystallex plans to mine.
In a speech Chavez said "Las Cristinas belongs to Venezuela. We will build a national mining company there." During his speech Chavez lambasted foreign investment calling it 'expendable' if foreign investors don't like Venezuela's political and economic model.
But its unclear what this means for Crystallex' operations in Venezuela. The company describes its rights to Las Cristinas as its "principal asset."
Chavez said his government will do away with mining concessions and will not extend new ones. But last week a spokesman said Crystallex would not fall under a mining concession review because it has an operating contract from the state mining conglomerate.
Marie Forum Argent
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