Master planThis move was planed months ahead, one way or an other they were going to get the cash and it was going to cost them a dilution of approximately 170 000 000 shares.
Compare the offer for GRZ: 56 000 000 shares x 3 for 109 000 000 cash & cash equivalent, with the equity financing of 167 000 000 shares for 100 200 000$. Coincidence?
Taking over GRZ would have been a bonus but realistically the ultimate goal was to raise the share price in a short time frame to get financing. They did it, doubling their share price in 2 1/2 months
Why so fast? Maybe to take advantage of Crystallex bottom price. What if KRY were to issue an amount of shares equal to their present outstanding, shares at today"s price, to RML to form a 50/50 joint venture on Las Cristinas. What would be the cost? 100 000 000$?
With RML 's ties to Chavez and specially now that he can run for president indefinitely Crystallex as no other option to mine Las Cristinas.