The "something isn't right here" is the fact that Las Cristnas is in Venezuela. Public ribbon cutting ceremonies would be nice but such a ceremony didn't help Placer Dome when they controlled LC many many years ago.
I even doubt news of the permit would push this stock much above a dollar because investors know there are safer more predictable ROI stocks outside of Hugo's grip.
Today's pathetic action is due to the Chavez factor and not because gold is headed toward $1,300 an ounce.
Sadly, I'm afraid, today's response to the "good news" shows that KRY is not even a speculative stock anymore. Because with a speculative stock you would expect today's news to shoot it into the 2-3 dollar range. Hell we've had better days when there was no news at all.
The fact that it closed down tells investors it's going to be a long long haul and not worth being in for the speculative "good news" jump.
I hope I'm wrong..... but I haven't been wrong about this stock since I made the mistake of not selling it went Jim Cramer pumped it up to six dollars in April of 2006.
Cividale