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Nationalization of Industry
I currently own stock in Crystallex Corp (KRY), a gold mining stock with a developing mine in Venezuela. There are concerns that President Chavez may nationalize the foreign mining industries as he has done with other industries. Crystallex is a Canadian firm.
In the event Chavez did decide to nationalize and take over operations of the Crystallex gold mines, what would happen to the stock holders? Does the stock merely become worthless or does international law require Venezuela to pay Crystallex and its stock holders market value?
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