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

Free
Message: WHY does Chinese Stock involvement, J/V etc,. appear to deflate stock prices?

Samspade....I noticed that pattern of "China may not be good for a stock price" too.

But, unfortunately, due to the politics of Chavez, KRY ran out of time and money and had to sell its soul (and 2/3rds of LC) to the Chinese. It was either that or bankruptcy.

I don't quite understand these posting about not voting in favor of the Chinese JV without first known (or having some written assurance) about a permit.

I seriously doubt Ven will commit anything to paper regarding the permit, before or after a JV vote. And even if they did commit in writing to the permit that paper is not to be trusted. Ven can change its mind anytime it wants and the market knows that to be true. Case in point: The written promise KRY would get the permit after posting the bond. Didn't happen. Not to mention GRZ having a permit that was granted and then revoked.

Also, we lowly retail shareholders, will not decide the JV vote. That will be decided by the large institutional investors.

Still waiting.

Cividale

Share
New Message
Please login to post a reply