Re: Crystallex Comments on Market Activity...
in response to
by
posted on
Nov 16, 2009 05:35PM
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 think those that have thoughts of selling will be kicking themselves later but to each their own. USD 2 billion / 2 for a sooner deal than arbitration = USD 2.50 - 3.00 target in my mind."
Teut I agree. If you take the average price on both exchanges today you have approx $10-12M that traded hands today with the majority on the buy side. I really don't think you would see that kind of money pour in unless there was a very big upside as you suggest. You definitely wouldn't see that kind of money just hoping for .10-.20 pop.