Re: the hard line......
posted on
Oct 17, 2008 11:06AM
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
I bought today too and have been doing so for the last week. However, I have to agree with CJR on the impact of KRY announcing the commencement of legal action and/or equipment sales. Yes, it might make them angry and delay the permit, but we are priced well below where we would be if we were denied the permit definitively and had no other choice but legal action.
I am concerned that large shareholders/institutions will soon throw in the towel and drive the PPS down further. Some of that I suspect is happening today since large buys are not reducing the ask volume...MM has large sell orders he is not showing.
KRY is acting like the weakling letting the bully kick sand in our face. Instead of standing up they are saying "please sir can I have some more".
I suspect KRY knows a great deal about why there is a delay and what is going on. They don't have to say anything if it is part of ongoing negotiations. Maybe this will be good in the long term, but if we drop much lower even a permit won't help shareholders.