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Bill
Jun 24 10:40 am
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All Comments by sherm »Hope for Crystallex Yet [View article]
my thoughts as an engineer who has worked in VZ since Commisar Chavez took control: when I worked for PDVSA, it was clear that he had plenty of inept, as well as some talented people to run the refineries and make money off their oil. There was no preventative maint, it was and is basically a "run-to-failure" mentality. So be it. No refinery has exploded there. Now we have the govt proposing to take over these mines and try to reap the bounty to line their coffers. I just don't see it happening until he first allows a foreign entity to set up the operation, and THEN nationalize. Based on what I have experienced over 20 yrs at petrochem side, to expect the govt to strart up KRY's ops from scratch is just too much to expect. This is why I think that he/they will let KRY start mining. Are there VZ officials all-in at 60cents? wouldn't surprise me at all....