Dumb idea? KRY buy its own shares? Anyone?

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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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spaceguy

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Dumb idea? KRY buy its own shares? Anyone?

posted on Oct 21, 2008 08:24AM

Time for a wild and crazy idea. I think KRY has about $56M cash on hand.

With shares running as low as .36 today, would it be an idea to invest this capital on it's own shares. It would sure be a lot of them, approaching one half of the shares out there. If they are confident the price will go back up in the next month or two they could recover their subsistence capital and a nice tidy profit. Don't know if they would be allowed to do this. Sure would suck up a lot of these manipulators shares. Anyone?

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