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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

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Message: Re: GRZ value vs PPS
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Oct 05, 2010 11:36AM

Oct 05, 2010 11:55AM
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Oct 05, 2010 12:16PM

There is no credible hard evidence that I can see indicating the Chinese are sniffing around to buy out or JV with GRZ.

If there is such evidence (even in the form of interviews) please present that to the forum.

Instead, what we see is that GRZ is up 67% while KRY is down 33% since KRY announced in June that they were negotiating with the Chinese for a JV on Las Cristinas..... giving up 2/3rds of the company in the process.

Some on this board have been very creative coming up with reasons for the delay of this proposed JV deal: Hugo wants votes so he's waiting until he gets close to the November elections to announce the deal. Hugo is waiting until after the November elections to announce the deal because he doesn't want to piss off the voters. Hugo is waiting until he visits China. Jewish Holidays. Chinese Holidays. Canadian Holidays. The deal is larger than we think. The deal is shrinking. Too much paperwork. Translation problems. Blah Blah Blah.

The fact is we don't get any real answers from KRY management. We never did we never will. If there's a problem with the deal they're not going to tell us. They may tell the big stock holders or the debt holders, and that news trickles down to us, but that's about it.

Struggling with KRY will only give you heartache. We can be as hopeful or pessimistic and we individually wish. I choose to be realistic knowing we can't control the stock price nor the information we receive.

So I wait. It sucks. But that's the reality.

Cividale

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