Crystallex International Corp. WKN 890 729 CA22942F1018 KRY

OOOPS, trading halt bei KRY, die fiel mit 3.6m Aktien gleich um -46%.

Was ist da los ?????

Kurs 1.40 USD ...

Jetzt ist sie am Tiefpunkt !

Weiß es auch nicht,
möglicherweise doch mit der Chavez meldung von neulich.
Obwohl ich gelesen habe, dass es mit KRY nichts zu tun hat.
Auch selten, dass es gleich mal die Hälfte verliert und dann der trading halt kommt. Hat man da absichtlich gepennt.

KRY wird nun auch für mich interessant.

Grüße
Tschonko

Wem soll man da nun glauben, Chaves oder den CEO von KRY.
Bei 1.60 USD bin ich sofort dabei, meine Order ist in der Pipeline.
Aber heute geht nichts mehr, die haben sie echt stuerzen lassen und mit absicht verpennt.

Don't cry for me Venezuela.

A so a Schaas !

Gnight, Tschonko

XAX

Das ist die Meldung:
Bin nicht drin, drum weiß ich zuwenig über KRY.
Chavez will zumindest geld sehen.
Imho stecken da die Chinesen dahinter.

Chavez Says Gold Mine Belongs to Venezuela
Tuesday September 20, 3:57 pm ET
President Chavez Says Gold Mine Belongs to Venezuela, Despite Canadian Investment

CARACAS, Venezuela (AP) -- President Hugo Chavez appeared to cast doubt Tuesday on a Canadian company's plans to develop a major gold mine in Venezuela, saying it belonged to the state.
The Toronto-based company Crystallex International Corp. has said it will spend $265 million (euro217 million) building the Las Cristinas gold mine and a processing plant.

Chavez said in a televised speech Tuesday that the mine will be exploited through a new state company.

"Las Cristinas belongs to Venezuela. We will build a national mining company there," he said.

It wasn't immediately clear how the president's position would affect the plans of Crystallex.

Crystallex officials weren't immediately available for comment. Last week a spokesman for Crystallex -- which has already signed an operating agreement to exploit the mine -- said the company hoped to obtain environmental permits to move ahead with the project.

Und noch eine: das fette beachten!

Venezuela to build mining firm in Las Cristinas
Tue Sep 20, 2005 03:51 PM ET
CARACAS, Venezuela, Sept 20 (Reuters) - Venezuela President Hugo Chavez said on Tuesday the government would construct a planned new state mining company in the giant Las Cristinas area where Canadian Crystallex International Corp. (KRY.TO: Quote, Profile, Research) is awaiting a permit to build a gold mine.
Chavez did not say Venezuela would revoke the contract to Crystallex or that the gold mine the company was planning to develop would now be developed by the new state company.
"As it happens in Las Cristinas ... It's mine, it's over. That belongs to Venezuela, and there we are going to create a national mining company there, ourselves," Chavez said in a speech.

The government has said in recent days it would revoke some inactive concessions and not issue new gold and diamond mining concessions.

Der neue Mugabe (Fidel) von Suedamerika

Und was sagt Hecla ???

Hecla Terminates Guariche Transaction
Tuesday September 20, 5:00 pm ET

COEUR D'ALENE, Idaho--(BUSINESS WIRE)--Sept. 20, 2005--Hecla Mining Company (NYSE:HL - News) today announced that it has terminated an agreement to acquire Triumph Gold Corporation's interest in mineral concessions in the Guariche Mining District in Venezuela. Hecla decided to terminate the transaction because the companies failed to reach a consensus on certain conditions of closing.
Hecla President and Chief Executive Officer Phillips S. Baker, Jr., said, "We have a large number of excellent exploration targets and properties in Venezuela on which we are currently working. Our priorities lie with these prospective properties surrounding our La Camorra and Mina Isidora gold mines." Baker continued, "We've had very good results on several targets with our exploration drilling on our Block B property in Venezuela, and we continue to be enthusiastic about our presence and future growth in Venezuela."
Hecla Mining Company, headquartered in Coeur d'Alene, Idaho, mines and processes silver and gold in the United States, Venezuela and Mexico. A 114-year-old company, Hecla has long been well known in the mining world and financial markets as a quality silver and gold producer. Hecla's common and preferred shares are traded on the New York Stock Exchange under the symbols HL and HL-PrB.

"Las Cristinas belongs to Venezuela. We will build a "national" mining company there," he said. ...er meint fuer die Nation !!!
In seinen Suff.

It wasn't immediately clear how the president's position would affect the plans of Crystallex.

Crystallex shares dived 48 percent on the Toronto bourse after Chavez's announcement, falling C$1.51 ($1.29, euro1.06) to C$1.65 ($1.41, euro1.16) before trading was suspended ahead of an expected company announcement.

Chavez quoted out of context - Crystallex

Tue Sep 20, 2005 04:24 PM ET

VANCOUVER, British Columbia, Sept 20 (Reuters) - A report quoting Venezuelan President Hugo Chavez as saying his government plans to nationalize the Las Cristinas gold project took the leader's comments out of context, project owner Crystallex International Corp. (KRY.TO: Quote, Profile, Research) said on Tuesday.
"We think (Chavez's comments) were taken completely out of context. We are not aware of any changes whatsoever," Crystallex spokesman Richard Marshall said.

Dow Jones, quoting a televised address by Chavez, reported that Venezuela's government is reclaiming national mining assets such as Crystallex's Las Cristinas gold project.

"As it happens in Las Cristinas ... It's mine, it's over. That belongs to Venezuela, and there we are going to create a national mining company there, ourselves," Chavez said in a speech.

Bin gespannt was er morgen sagt dazu wenn er seinen Rausch ausgeschlafen hat.

Hallo Eldo,

wirf mal einen Blick in den letzten Quartalsbericht. Property , plant und equipment ist bei Las Christinas 169 Mio. $. Im gesamten Unternehmen sind es 172 Mio. 80 Mio. sind langfr. Verbindlichkeiten. Ohne das Projekt und baldige Produktion sind sie erschossen und können gleich Insolvenz anmelden. Tja, ich mag die Amis wahrlich nicht aber solche Rückschläge sind bei denen nicht zu befürchten.....

Gruß

lancelot

@ Lancelot

Klar sind sie fertig wenn Chaves sich das Gebiet kostenlos schnappt, wir werden es sehen wie verrueckt er wird.

Die Nachbarlaender koennen auch das Fidel Fieber bekommen oder Hugo den Kopf reparieren sonst trifft es die ganze Region.

Wer soll das Projekt fuehren, einen Chinesische Firma oder seine Gaujos die keine Ahnung sowie Geraete und Erfahrung haben.

Dann faellt auch Hecla und das moechte ich sehen was der Ami dazu sagt und dagegen macht, die lassen keinen Diktator zu unter ihren Hintern.

Ist es ein Bluff oder macht er Ernst ?

Fuer mich bellt der nur und macht sich wichtig.

WOOF WOOF !

http://www.musikcity.mus.br/english.html

Gnight

XAX

Salsa in Venezuela, bei den Kurs faengt man echt zum tanzen an.

http://www.musikcity.mus.br/english.html

The Media, the CIA and the Coup (15.04.2002 Artikel)

By Christopher Reilly

In a rare sequence of events, democratically elected leader President Hugo Chavez was overthrown in a military coup led by the business elite, only to be reinstated as president days later due to the support of the Venezuelan people.

The democratic leader, winning office in 1998 with 60 percent of the national vote, was disliked by the business class due to his socialist stance on many political issues, such as redistribution of land.

Then on April 12th, business leaders angered at Chavez's handling of the oil industry, organized a large strike. The strike turned into an open street protest marching toward the presidential palace. The local media, operated by the business elite, apparently continued to lambaste the president on television, causing Chavez to temporarily halt all private broadcasting in Venezuela in fears of it causing panic and violent revolt.

The protestors continued to the outside of the palace where they confronted pro-Chavez supporters. Both sides began to clash, resulting in 16 deaths and hundreds of injuries. The media quickly reported that Chavez supporters fired into the crowds of demonstrators. The Western media was quick to follow; one newspaper after another publishing only the version of events reported by the same business community that was attempting to overthrow the Venezuelan democracy.

The version of events made official by Ari Fleischer, spokesman for the Bush Administration, claimed that Chavez shut down the media to stifle opposition and then ordered those loyal to him to fire into the crowd of protestors. Or, in Fleischer's exact words, "Chavez supporters, on orders, fired on unarmed, peaceful demonstrators. Venezuelan military and police refused to fire ... and refused to support the government's role in human rights violations."

The State Department was next to come out in support of the violent military coup, expressing their regret that Chavez did not "act with restraint and show full respect for the peaceful expression of political opinion."

However, the State Department failed to mention the number of dead Venezuelans was also made up of Chavez supporters. According to one South American newspaper, sympathizers of the president were killed, along with the Vice President Diosdado Cabello's personal driver, shot in the face.

Not only that, but it has not even been confirmed that Chavez ordered his forces to shoot into the crowd of people. The military men that reported this fact were the same military figures who supported the coup. They could have easily fabricated the story in order to give justification for junta. For example, news broadcasts stated, as printed in London's The Independent, that "half a dozen men - one wearing a Chavez party T-shirt - firing automatic pistols into a crowd from an overpass, while police launched tear gas canisters into the crowd. Shortly after, 10 officers from the National Guard and armed forces accused Mr. Chavez of 'betraying the trust of the people.' "

This statement was simply taken as fact in media circles, largely ignoring how convenient it was for news cameras to pin the blame on Chavez while those firing on demonstrators wore "Chavez party T-shirt[s]," proving to viewers that Chavez was responsible for the deaths.

Either way, the campaign worked temporarily.

Military figures removed Chavez from the palace, telling the corporate media in both Venezuela and the world that Chavez had resigned. Without investigating the statement, newspapers across the world began to announce that Chavez resigned after the will of his people turned against him, often citing that Chavez's approval rating fell to 30 percent before the coup, never explaining where that number came from. Now after Chavez has been reinstated as president, the figure seems to have disappeared from news reports.

The Bush Administration continued to show their support for the coup, with the State Department announcing, "We wish to express our solidarity the Venezuelan people and look forward to working with all democratic forces in Venezuela to ensure the full exercise of democratic rights."

Yet if the Bush Administration truly cared about "democratic forces in Venezuela," they would have sharply condemned the coup as many neighboring South American countries did. After all, the business leader who took power after the coup, Pedro Carmona, became a dictator and completely dissolved the constitution, National Assembly, Supreme Court and other institutions on a vague promise that elections would be held again in December.

Despite all these forces working against Chavez, protestors hit the streets again, but this time to demand Chavez be brought back to power. They succeeded and the military brought Chavez in on a helicopter, saving democracy from the dangerous forces of a greedy business elite.

Why was the Bush Administration so quick to voice tentative approval with the military coup? Judging by history, the CIA may have been involved once again in another South American coup. After all, it was the CIA that mounted a coup in Guatemala that overthrew the democratically elected government in 1954, supporting subsequent right-wing regimes, resulting in some 200,000 dead civilians, according to the a recent column in the New York Times. That same column, written by Tim Weiner, cites the CIA's involvement in the Panama coup in 1989, along with the CIA support for opposition to Nicaragua's leftists in the 1980s, ending in a disaster called the Iran-Contra Affair.

And the CIA was also involved in overthrowing democratically elected leader Salvador Allende in Chile, only to replace him with a ruthless right-wing dictator - General August Pinochet, whose abysmal human rights record is well-known.

Therefore, it would not be a surprise should the CIA be involved in yet another overthrow of democracy, showing the hypocrisy of American government administrations who use the words "freedom" and "democracy" as a justification to take military actions on some countries, but then frequently destroy "freedom" and "democracy" in other countries.

William Blum, author of "Killing Hope," summed this up in a recent column. Blum believes that the CIA was involved in this overthrow. He states his reasoning in the following few sentences: "Same way we know that the sun will rise tomorrow morning. That's what it's [the CIA] always done and there's no reason to think that tomorrow morning will be any different."

Blum cites a Washington Post report from Venezuela on April 13 that states: "Members of the country's diverse opposition had been visiting the U.S. Embassy here in recent weeks, hoping to enlist U.S. help in toppling Chavez. The visitors included active and retired members of the military, media leaders and opposition politicians."

Judging by reasons of previous CIA orchestrated coups in South America, Chavez may have broken nearly every rule the CIA demands South American leaders follow unless they want to seek the wrath of their northern neighbor. These rules, all broken by Chavez, include supplying oil to Cuba at discount rates; meeting with Cuban dictator Fidel Castro, along with Saddam Hussein; not allowing the U.S. to use Venezuelan airspace for its "War on Drugs"; accusing the Bush Administration of "fighting terrorism with terrorism" by its assault on Afghanistan, saying that deaths due to U.S. bombardment had "no justification, just as the attacks in New York did not, either."

All of these reasons would have been enough for the CIA to approve of Chavez's removal, despite the fact that he was democratically elected. To add to it all, as Forbes magazine writes, "Venezuela is the only OPEC member in the western hemisphere, exporting nearly 1.3 million barrels per day of crude oil and 250,000 barrels per day of refined products to the U.S., accounting for 13% of imports to the world's largest oil consumer."

The desire to have a puppet in Venezuela must have been high in the CIA and the Bush Administration. Unfortunately the world will have to wait many years until the truth finally comes out in declassified internal U.S. government documents.

Christopher Reilly is a columnist for YellowTimes. He encourages your comments: creilly@YellowTimes.org

UPDATE 3-Venezuela eyes Las Cristinas for state mining firm
Tue Sep 20, 2005 05:24 PM ET
(Adds Hecla announcement in para 14)

CARACAS, Venezuela, Sept 20 (Reuters) - Venezuela President Hugo Chavez on Tuesday said the government would construct a planned new state mining company in the Las Cristinas area where Canadian Crystallex International Corp. (KRY.TO: Quote, Profile, Research) is awaiting a permit to build a gold mine.

Chavez did not say Venezuela would revoke the contract to Crystallex or that the gold mine the company was planning to construct would now be developed by the new state company.

"That belongs to Venezuela, and there we are going to create a national mining company there," Chavez said in a speech.

Chavez has launched a broad campaign to review energy and mineral contracts signed before he came to office that he says are robbing Venezuela of its natural resources.

The government has said it will revoke some inactive gold and diamond mining concessions and would not issue new ones.

But Crystallex company officials assured Las Cristinas would not be affected by the government's move to tighten control over the mining sector.

"The minister of planning earlier today said they are not going after projects that are being advanced by international mining companies. They are going after the dormant ones," Crystallex spokesman Richard Marshall said.

Crystallex shares sank 48 percent on the Toronto Stock Exchange on Tuesday, before being halted at C$1.65, down C$1.51 on the day.

The Las Cristinas project is one of the world's largest undeveloped gold projects and Crystallex's flagship venture. It is estimated to contain 12.5 million ounces of gold reserves, and is expected to produce about 300,000 ounces of gold a year in its early years.

The project has been delayed for years because of legal disputes and permitting hold-ups.

Crystallex officials said they were not aware of any changes to the status of their project and added the idea for a state mining company had been around for years.

"It is not to be competitive with these big assets. It's a way to create employment opportunities for small scale miners in an environmentally friendly way," Marshall said, adding the state company would be located in the same region as Las Cristinas.

Officials have said the new Venezuelan mining company would be similar to PDVSA, the state energy company of the world's No. 5 oil exporter.

Seperately, Hecla Mining Co. (HL.N: Quote, Profile, Research) said on Tuesday it had terminated an agreement to acquire Triumph Gold Corp.'s interest in mineral concessions in the Guariche Mining District in Venezuela after failing "to reach a consensus on certain conditions of closing."

Hecla is the largest gold miner in Venezuela.

Also ich kauf mir zu bestens morgen den Hugo Salsa und tanze spaeter wenn Fortuna mitgeht.

Der Fundmanager der da verkauft und gepanikt hat wird es leid tun, oder mir.

Mal schaun, wieder ein gehaemmerter Stock.

XAX

http://www.musikcity.mus.br/english.html

Venezuela's Chavez Urges Socialist Push

Tuesday September 20, 6:51 pm ET
By Patricia Rondon Espin, Associated Press Writer

Venezuela's Chavez Urges Foreign Investors to Pay Taxes and Follow Rules, or Leave

CARACAS, Venezuela (AP) -- Venezuelan leader Hugo Chavez urged foreign oil firms and other companies Tuesday to pay their taxes and follow the government's rules, saying those that don't should leave.

WOOF WOOF !

In a speech that ranged from mining rights to a state seizure of one company's grain silos, Chavez said the country should turn resolutely away from capitalism and toward socialism.

"An oil or gas company, or whatever sort... that doesn't like what is happening here, that doesn't way to pay taxes, that doesn't want to answer for environmental damages, let them pick up their things and go far away," Chavez said. "Let them leave."

Chavez made the remarks during a speech in the eastern city of Puerto Ordaz. His government has accused some foreign oil firms of evading taxes and has said they must pay up.

The Venezuelan president said his government "isn't against international investment," but said he opposes investments in which there is "an intent to take ownership of our natural resources."

He spoke in general terms but then went into a specific case, ?(appearing to cast doubt on Toronto-based Crystallex International Corp.'s plans to develop a major gold mine, saying it would be exploited by a state mining firm.

"Las Cristinas belongs to Venezuela. We will build a national mining company there," he said, without elaborating. Crystallex has plans to spend US $265 million (euro218 million) on the project.

Chavez, an ally of Cuban President Fidel Castro, says he is leading Venezuela away from capitalism and toward a new "socialism of the 21st century."........ VIVA !!!

He said that will involve increasing the use of cooperatives and emphasizing "collective property."

Chavez also praised state governments for recently seizing an abandoned tomato processing plant owned by H.J. Heinz Co. and grain silos owned by Alimentos Polar, the country's largest food company.

Officials have said they will move to expropriate the two properties, arguing they weren't being adequately used.

In Polar's case, Chavez said, "they bought the plant and stripped it down, and they took the equipment to another country. And they abandoned it."

Troops seized the Polar silos earlier this month. Polar -- which makes Polar beer and many food products -- is challenging the move, saying the corn silos were still in use. But Chavez said the company dismantled a plant next to them that was used to make corn flour.

Venezuelan authorities during the past year have taken control of 26 silos that were judged to be abandoned, Food Minister Rafael Oropeza said, according to the state-run ABN news agency.

Chavez said workers in state-supported cooperatives should "dedicate at least one afternoon a week to ideological debate."

"The most important thing isn't to earn money. The most important thing to contribute... to the transformation of the country's socio-economic process," Chavez said.

Meanwhile, Vice President Jose Vicente Rangel said the government plans to redistribute as much as 2 million hectares (4.9 million acres) through agrarian reforms. Rangel denied the plan threatens private property, saying more Venezuelans would own property as a result.

"We are expanding private property," Rangel told the state news agency.