Post by
slappyjo on Mar 13, 2024 9:16am
Crystallex
Crystallex submitted a request for an updated payment amount to the Court totaling over $2.2 billion USD. Quite a bit more than the previous approximate $1.5 billon.
They are first in line.
Comment by
Hopeful123 on Mar 13, 2024 11:51am
Does this mean that we will need at least 10 bln now to cover us.
Comment by
RIDER1975 on Mar 13, 2024 12:32pm
How did you calculate that?
Comment by
Hopeful123 on Mar 13, 2024 4:30pm
Previously we needed 8 bln so an extra billion will be 9 and then a billion cushion...Guess Rml and Grz will be in a tight spot..to protect myself it seems best to sell GRZ ....unfortunately liquidity is not there for GRZ.
Comment by
slappyjo on Mar 13, 2024 8:22pm
"How did you calculate that?" I didn't calculate it. It was Crystallex's submission to the court.
Comment by
RIDER1975 on Mar 14, 2024 2:46am
Thats ok but the prior claims sum is lower than 8 even with that. Isnt it? Maybe there might be other updates due to interests of course