To: LegendHasIt
Hugo has bled Crystallex dry. Years of playing his game for naught. Rusoro Mining, owned by Russian mob family Agapov is moving in to run all the mines Hugo is nationalizing. KRY is now trading at about 10 cents.
8 posted on
12/28/2008 2:33:24 PM PST by
jsh3180
To: jsh3180
Interesting.
If the Russians are going to operate the mines, production may actually go up.
But the people of Venezuela will see even less of the profit. And the environmental impact will also be much worse.
14 posted on
12/28/2008 2:48:51 PM PST by
LegendHasIt
(Freepmail me if you want to join the Precious Metals ping list.)
To: jsh3180
The way that Russian communism has nurtured mob activity going back into the days of the U.S.S.R. is seldom taken note of. But the fall of the wall has only made the Russian mob more powerful and dangerous. An economy run by oligarchs is particularly vulnerable to the mob.
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