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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

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Message: KRY is not the only junior being shorted mercilessly...

KRY is not the only junior being shorted mercilessly...

posted on Mar 04, 2008 07:30AM
If you follow Financial Sense, Jim Sinclair or simply stay abreast of the industry....you would know that there are lots of "better" junior plays in safer countries with cheaper production costs that are being raped daily by the short hedge funds. Some say this is to hedge their long bullion bets. The hedgies went from long to short in May of last year. The smart people say that the shorts are playing a dangerous game that is about to change. When this occurs, it should lift all boats...even if the company doesn't yet have a permit. I hate where our share price is now and what has happened to it and I don't like the fact (nor do the aforementioned experts) that management has no skin in the game. I also fear a stock market crash and\or major gold correction that will further inflame our already raw anuses. My point is that THIS SHORTING BS IS NOT SOMETHING THAT ONLY KRY IS EXPERIENCING!
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