Welcome to the Crystallex HUB on AGORACOM

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: Not optimistic......
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Nov 19, 2009 12:16PM
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Nov 19, 2009 12:29PM

Let's be realistic - 20,000,000 shares at - let's say - an average price of 0.32 cents is only $6.4MM. It is nothing to a multi-billion dollar hedge fund. Michael Jordan lost more than that in a weekend Vegas - this gamble is not much different.

This run up means absolutely nothing, because the share price has not budged. Don't tell me that a 0.20 cent increase means something - it means nothing to the hedge funds that have been playing this stock for the last 5+ years. The real value of this company, when it is fully permitted will be north of $10. When I see us moving to that value, I will begin to believe.

I pray that I am wrong, but I cannot help but to be realistic.

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