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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: Double down today

Dec 23, 2008 06:56AM
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Dec 23, 2008 03:12PM

Re: Double down today

posted on Dec 23, 2008 03:37PM

Pallmann, by my calculations your purchase of 16k took just short of 3hrs if your entries here were close to your initial buy and last buy. That tells me not a lot of sellers granted there was a large position sitting at .12 (and has been there for quite a few days) and it didn't get completely filled either. So 3 hrs to fill a 16k order? If there were sellers out there they didn't show up today.



Something to keep in your minds on what has already transpired in VZ. Hecla bought out from Rusoro $25M. GRZ offered 3:1 in shares at a price of $100M. KRY is the big question mark. What were the reserves of each company compared to their buyouts? We all know KRY's reserves are much higher.



As I posted earlier an article from Sept 18 on Chavez finalizing the 50/50 deal with Rusoro....well that didn't happen so we have to ask why. Did the reporter have bad info? According to most VZ papers I would say yes but the reporter did explain what was to have happened in the event Chavez appeared as he said...do we believe that also I don't know but Salamis just said yesterday that he expects the 50/50 deal to be finalized by year end.....we may hear something next week.

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