The Realities of Las Cristinas
in response to
by
posted on
Aug 13, 2010 07:29PM
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
I've said it before but I'll say it again:
I don't trust deadlines with anything related to LC. (With or without the Chinese)
I don't trust Chavez.
I don't trust KRY to tell me the truth.
This is, and probably always will be, a speculative stock. It's not much better than betting on the horses. But at least at the horse races you can get a tan.
There is zero guarantee a JV deal will be made. There is zero guarantee a permit will be granted. There is zero guarantee KRY will ever mine LC.
Make your bet and wait. Or trade a penny up and a penny down. Or sell and move on to more rational stocks. This ain't a rational stock! It's all about politics and politics is emotional. Not rational.
People are always telling me "The past is the past and it's a new day for KRY". Well I think you could pretty much just change the date on this latest financial/progress report and it would read just like all the others from 2002 onward.
And I think the 38 cent share price proves I'm right.
I never invest money I can't afford to completely lose. I suggest you do the same. Especially with KRY.
Cividale