Welcome to the Crystallex HUB on AGORACOM

Crystallex International Corporation is a Canadian-based gold company with a successful record of developing and operating gold mines in Venezuela and elsewhere in South America

Free
Message: Gmarf, Re: KRY is Speculative
1
Feb 08, 2008 07:43AM

Feb 08, 2008 07:49AM
1
Feb 08, 2008 08:26AM

Feb 08, 2008 08:37AM

Feb 08, 2008 08:53AM

Feb 08, 2008 09:10AM
1
Feb 08, 2008 09:24AM

Feb 08, 2008 09:32AM

Yes, there would be a lot of selling by the current speculators who held out for the mining permit being approved. Share price should jump up because folks who have waited for the permit will be expecting to be rewarded for their time.

There should be a lot of buying, because that first hurdle of a permit, which was the biggest risk, is gone (as if those of us on this board do not already know that). Anyway, those buying after permit would also be speculators, but they would be looking for eventually actual gold production of a Junior company now being a major player. A buy-out deal may also be a reason for someone to buy in.

Some of the original speculators may stay on and also look for gold production, or a buy-out, as KRY has plenty of potential for shareholders who can hang in there.

Overall, KRY will likely continue to be speculative until there is consistent gold production and their balance sheets are no longer red. At that point, it might become an investment stock. However, with the current political situation in Venezuela, KRY could very well always be considered as speculative.


Feb 08, 2008 10:17AM
1
Feb 08, 2008 10:28AM
1
Feb 08, 2008 10:50AM
Share
New Message
Please login to post a reply