Re: Strategy at Permit
in response to
by
posted on
Jul 30, 2008 05:20PM
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
Depending on how much of a rise in share price will decide my exit strategy.My cost base average is very high,over $4.00.If it doesnt make it over $4.00 i will probably try waiting the extra 45 days to see what gives.The way things move in Ven,it wouldnt surprise me to see the government say that they must approve a buy-out before any mining is allowed.Im not prepared to sit on this for another 3 years waiting.Right now the thing that i find very frustrading is our share price .You would think with the permit looking again positive,why isnted the price returning back to at least close to what it was at the denial.Its not like this is going to be a big surprise,everyone knows they are in talks,so why isnt the price slowly creeping back up?At this price an after permit jump of even a douple in price isnt going to mean much,to me anyways.I just am finding it baffling with everything thats supposely is happening that it is not moving back up.Any thoughts?
Bill