Re: Thoughts
in response to
by
posted on
Jan 17, 2009 07:02PM
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 used to own ARU and have been watching KRY slide all the way from the $2 range over the last few months. I read Otto's blog due to his inisght on the Ecuador situation as I also continue to hold DMM. He kept bashing KRY all the way down and now he simply states to avoid it.. Not to mention the RML pumping. Makes you go hmmm....
Perosnally I don't buy any of the negative media, lawsuits, etc as I believe it was orchestrated to help RML with their takeover of GRZ's cash and Brisas with Chaves' approval.
Saw the stock at .15 in he December tax loss sell off and bought all the way to .20 and hold over 200k shares now and will most likely add more as I am a firm believer of a positive outcome one way or another due to KRY's contract and all the great work KRY has done on LC so far. At worst I see KRY being taken over or absorbed into the LC/LB scenario pending a successful GRZ takeover.
This is not a lottery ticket to me.. It's simply a contrarian investment.
As much as they'd like you to believe, KRY is not dead.. Far from it.
Good luck to all the longs and I am sorry for all of you who are deep in the red! As a former ARU shareholder....