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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: Re: Observation on "official" permit and anticipated volume and Requ

We did have a couple of events occur that could have dampened our SP appreciation. The removal from the TSX gold index (link: http://www.kitco.com/pop_windows/sto... ) and no longer on the US big board. We may not have the usual big institutional players that would normally be allowed to participate due to being a pink sheet or reqistered on an index etc. (kind of like being on the venture exhange vs being on the big board with exposure to huge sums of monies) Now having said that the environment is also differerent with the economy in the US being what it is and gold at much higher levels or it could also be we still in the normally slow summer months and coupled with a declining stock market in general. (that may be about to change as commodities are reported to have bottomed, but only time will tell.)

As yourself this. What is the deposit at LC? What is the price of Gold. To me we are extremely undervalued and IF not for being in VZ the stock price would be double digit for sure.

Fridays update from Crystallex was extremely positive. As for the price action of KRY on Friday there are some who have had their profit targets realized and simply took them. There will also be those who are happy with some profits and sold into strenght. (ie. the day trader or swing trader) I also find it positive that GRZ popped as it tells me something is in the making. I have been around crystallex for some time now and believe me this play is not for the faint of heart. When you finally believe we are moving forward we kicked in the jewels; perhaps what I am reading on the board today as being somewhat negative or contranian is a positive event. Still in the play and would be totally dumbfounded if we do not get our permet issuance.

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Aug 23, 2008 06:57PM
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Aug 23, 2008 07:33PM
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