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: Everyone involved in this company on the inside

a couple of points

posted on Mar 04, 2008 08:05AM

I generally listen, but at this point I feel I'd like to make a couple of points.

First; in regards to financing the mine... it has been discussed many times that KRY does not intend to use much stock to accomplish the financing. Also when some of you discuss this issue, you seem to leave out the fact that in the last few issues, KRY has issued warrants whose execution is tied to the issuance of the permit. Which means... some of that financing has already been baked into the past offerings through those warrants. After all... that is income to the company when they are executed.

Second; in regards to the discussion of "Anonymous". It is a category not a he or a she. On the TSX, as I understand it, a broker can be an Anonymous buyer or seller if they so desire under certain conditions. So it is not one person or entity, it is one or many on any given day. This explanation was posted on this board a month or so ago by someone familiar with it or who looked it up.

Third; as I understand it... it is not management's job to sit in front of a computer watching the price of their stock go up and down. Nor is it their job to comment on every one of those ups and downs. Markets are... in fact... markets and they do go up and they go down. Further to that point, it is patiently illegal for management to make comments to seemingly control that market action. So the only comment they could make is that they do not know why it is doing what it is doing at any one time. Its is the SEC's roll (not sure who does it in Canada) to watch and prosecute any funny business in the market. Not KRY's.

Fourth; GRZ's float is smaller than KRY's so if you are going to compare the two you have to do so as a reference to their market cap, future exposure to the cost of building their mine (which is NOT fully permitted yet) and their future revenue stream when they finally do get to the mining phase. I think if you do the math, consider their financing needs and their still to come battle to build, you will look at their stock differently as it compares to KRY.

Off course... this is just my opinion.

Share
New Message
Please login to post a reply