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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: Bird in the Hand or ??

Bird in the Hand or ??

posted on Aug 19, 2009 12:42PM

I understand many out there who would take a couple bucks now, as apossed to waiting for a fair settlement through arbitration, that could take 2-3 years.

My comments would be

1). That depends of course on what your average SP is. Many are far above $2

2). That would also depend on whether one is a trader, who could make ( possibley ) more money over 2-3 years, with the $2 in hand now. If you are a person who does not trade much, and is looking to this investment as retirement $$$, then to wait for 2-3 years, and then get 3 or 4 times ( or more ), what you would get now, well, 3 or 4 times your money in 2-3 years will look pretty darn good to the average investor.Can't get that in any 'safe' investment fund.

3). According to some respected money managers, we are in for some very big pain. It could very well be very difficult to make $ in the market, unless one is very good, and/or very lucky.

I would very much like to see my $$ in my hand very soon.....Do I think I could make more with it than 3-4 times $2, in the next 3 yrs.?

I don't think so, BUT, it sure would be nice to be able to buy a few pounds of gold in the next month or so.....now that could be a very good investment, eh?

Penderite

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