Re: Who Knows What
in response to
by
posted on
Jan 10, 2011 03:00PM
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
That VZ will not tell KRY what is really going on is a negative way of saying that we, as stockholders, have not been given as much information as we would like ... your preception of that information (or lack there of) is negative.
At varioius times the company has cleary believed that they were close to getting a permit but they were wrong. That is a fact and you can say it is negative becauase they were wrong or you can say it is not a negative because they are still trying and haven't been thrown out of VZ like some companies have. Once again .. preception.
The company missing deadlines is a fact ... that it is a negative thing is your preception. Again, the fact that new deadlines get set can be preceived as a positive because the company is still an active participant in this process.
Maybe I'm just a "glass 1/2 full" kind of a guy but as long as we have the back-up of going to arbitration I'm satisfied waiting until the deal gets done. Of course I'd rather have the permit and JV to be completed by the end of today but that isn't going to happen so I'll just wait ... how ever long that takes.
If we miss the April arbitration deadline and no longer have that as a solid back-up then my preception of that event will be that it is negative. Of course if we were subsequently to get the deal done in May then how negative would it have truly been? In that case my preception would have been wrong and missing the deadline would NOT have been negative at all.
Listen, I appreciate your opinion and the different opinions on this board. And I am with you to the end on this.
But I would say what is happening is more than perception. Maybe people who have been in longer would agree. Or maybe not, I don't know.
When I purchased my first shares the stock price was significantly less than it's all time high, but significantly more than .30. At that time, there was no reason to believe we would be here.
The stock has gone up briefly, but it routinely seems to go down. That is not perception.
We have a contract to mine gold. We are not mining anything. That is not perception.
The company, which had all of this potential, is basically on life support. That is not perception.
I really don't think this how KRY planned it. And I don't think that this is just my perception.
I truly believe that this COULD work out. But, if I had to objectively evaluate my KRY investment for the last 5 years or so, based on the information or lack of information I have now, I would have to say it's a bad investment.
Nothing personal to anyone here, and if I lose everything I have myself to blame. But the problems here are real and more than just perception.