Re: Bloomberg Reported - March 5/08
in response to
by
posted on
Mar 23, 2008 12:48PM
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
GW - The lowest value estimate I have seen from any analyst was $2.50 pre-permit with a caveat that it was in a pessimistic market. They also had the lowest post permit price target of $5.50 I have seen. That alone points to the PPS being very undervalued.
KRY "should" be $3.50+ considering all that has been stated about the status of permit etc. Maybe that fact will make the permit pop better but IMHO, I think the permit will result in a pop less than what everyone thinks, followed by a drop when speculators and short sighted, pain filled longs exit...... then we will see the real pop as big money comes in with an eye on the gold and not the permit.
Too high of expectations and impatience among weak retail investors is the reason that this stock has been so easily manipulated.