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

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Message: back of the napkin plus

back of the napkin plus

posted on Apr 30, 2008 02:42PM

As I see it... KRY has value, even if things play out as they appeared today. My guess is there will be some value, which is why it didn't break below $0.50 today. You have to figure it's worth $45mil in cash from last offering, $112mil in new mining equipment they purchased, which, by the way is worth more today than when they purchased it, the value of their working mine... who knows (a big guess)... $45mil. With 261.7 shares outstanding, that brings the share price to about $0.77.

I like so many of you have a strange feeling about what transpired today.

My experience with this stock dating back to the late nineties has caused me to be a bit skeptical to the first words uttered. Too many times the ensuing explanation was more clearly understood and many times in a more positive light than the original discourse.

I stayed in when I saw it regaining strength.

This is going to be a time of day by day analysis and evaluation.

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