Millions of dollars were made off 'the announcement' that was leaked before any of us retailers knew of it...a buying frenzy ran the price up by the end of the normal session. We all sat watching and digging, trying to nail the reason and couldn't come up with one. Thusday's extended p.m. session was dismal. Friday's pre a.m. session pulled in another buying frenzy that ran the price up to 1.46...The Friday opening brought disaster, slamming us to a buck in short order...and that slam/hammer was the sound of manipulators squeeling for joy. The official release of the news didn't matter, damage done. IMO, someone, (possibly Venezulan investors) played us. Buying low, leaking news that would cause an emotional panic frenzy of buying, letting that leak work overnight and into the pre a.am session, then grabbing a tidy profit on Friday's open. And that freefall of red lines represesented huge volume, scaring off any major big block buy ins, so when the actual p.r. hit, as I said, damage done. The ralleys occuring after the pump and dump were weak volume...
This is just my opinion, I could be totally off base, it just seems that watching a 41% profit disappear in the blink of an eye with the 'what goes up must come down' theory on steroids carries all the markings of a classic pump and dump. If this theory has any validity, then we had better be prepared to be on our toes for the same thing involving a permit announcement...because we're not riding a roller coaster here anymore, we're riding a space shuttle rocket with Columbia tendencies.
Kry should settle in once the permit is issued and the mine is moving toward operation. Riding kry through it's insane volatility will pay off in the long run...without a mole in Venezuela, it seems to me that's our only option, unless we all want to chip in and buy one.