Re: Last 10 days
in response to
by
posted on
Apr 02, 2010 11:41PM
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
Jimmi, well said and I agree too many people looking at the surface picture rather than what is happening underneath.
Take out everything up until now and look at how our pps has reacted to other events.
April 2008 the denial we went from 1.72 to .50 and closed at .77 KRY still had money but no future for a permit but the market still priced KRY at .77 at the end of the day.
Sept 2008 every stock including mining stocks took a dive where they all bottomed in Oct/Nov 2008 including KRY at .10. Almost every mining stock including KRY started to climb back from that low. KRY was held back with the Russian comments, class action suit and the noteholder claim.
Just recently the noteholder claim was dismissed yet appealed. We don't know the status on the class action and according to VZ last week LC was not given to the Russians (as the noteholders claimed) and that we are still in the running for LC. KRY states they now have a potential strategic investor.
So now we rewind back to the denial and a close of .77. What is different? Well one thing at that time we hadn't heard much from VZ. Now we seem to know they want mining in the Imataca. Something they didn't want the day we closed at .77. They say KRY is still in the mix something they didn't say the day of the denial when we closed at .77.
Just some thoughts with a noteholder claim dismissed. Does anyone think the Canadian courts will overrule the judge that made the decision in the first place?