Re: Last 10 days
in response to
by
posted on
Apr 06, 2010 05:24PM
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
Thanks for explaining Quest.
I wouldn't put Fung in the saviour role since he has been with Kry a long time as you stated. I do believe in the traits that make RF the right person to lead Kry.
Dealing with VZ has been difficult as we have seen with many other companies filing for arbitration or walking away. When I first invested in Kry (2005) I looked at the risk and felt that Hugo would have to be insane not to get this project operational ASAP.
As I soon came to realize a couple years later, Hugo has no idea what he is doing. He changes direction at a whims notice and makes outlandish statement because he is a publicity whore. He is a windbag and a bully looking for a fight. Confrontation and deadlines won't work with Hugo because he doesn't care about the consequenses.
There are not many CEO's out their that have the patiance and determination to see this to a conculsion. Fung is one of the few in my opinion. He very well connected politically and financially. He is known as a deal maker that doesn't want or need the spotlight. He is definately not a Kry pumper as we have found out. The real value in our MOC isn't in stock trading (even though you could make a lot of money doing it), it is in the asset we have the rights to mine.
I can't argue with you on Kry management getting a failing grade. This includes all the CEO's not just Fung. My only issue with the statement is we are baseing the failing grade on our time frame and belief Kry should have been able to get the permit by now. I personally can't think of anything else they could have done legally short of selling share holders down the river with a bad JV for a pitance of our real value. While I'm frustrated with the situation, given the recent turn of event I'm glad Fung didn't panick and sell us a bad deal.
JJ