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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: Market Action
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Nov 01, 2011 11:48AM
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Nov 02, 2011 08:36PM

Civi I didn't say your interpretation was wrong with any certainty but given the market is made up of buyers and sellers then 50% is always wrong on any given day. I've been on the wrong side of that 50% more times than I would like to admit.

Perhaps were we differ is that I prefer not to suggest Kry won't raise the money or will not be able to collect or any number of things that have been suggested and then say hope I'm wrong. I tend not to be a glass half empty guy.

If I believed Kry was going bankrupt I would either have sold already or be selling when I think I would get the best share price. I definitely wouldn't be letting the market volume dictate my belief in whether Kry was not going to raise the cash. If I had to guess about the low volume I would say people want to see the deal completed before jumping on board. If I was on the sidelines I would be buying this debt because I believe than if the $120 million is raised I would make a killing. 20% plus a piece of the award put the new debt holders in a position to quadruple their money in 3 years.

If or when Kry closes the financing the share price will be based on the perceived value of what we may get as an award minus discount for time to get there.

My take is more of a we will get the financing and reach a settlement for a minimum 1.5 billion. I much prefer saying I hope I'm right rather that I hope I'm wrong.

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