I am not a Nazi. I detest Naziism. What I detest about it I cannot, it seems be explained to you. You don't fundamentally understand the error of this type of government (socialist-populist controlled police state) and so are condemned to rebuild it. Only dave's state is good nazis. Trust him.
I did not promote KRY. I can prove that beyond shadow of a doubt. I am on record as to what I said about KRY. You cannot call it shill promotion. It was fair and accurate commentary. What I said to my paying customers is none of your business. But since slander is your game, I should get one or two of them to tell this list. If I had sold the minute before the supreme court decision, so what? In fact I did not sell it all, and lost a small amount of money. But that was a timing thing. Any fool knows not to risk it all on 50-50. My record on advice of exposure to KRY is that I did not advise the risk as minimal. I was frank about that.
If I had been in the business of shill promotion, not many people would have stayed with my newsletter as long as they did. (4 years it published, many stayed in it that long) -- They would have lost money, and not many of them did. Even if you include Bre-X.. a stock I never promoted for one instant (nor owned a share, sad to say), some of my customers made up to 6 million dollars on that one alone, due, I should think, in part to wise advice as to how to play that it. But many, including myself, were fooled by the extremely scientific game that Bre-x played, as to its integrity and the "backing" that appeared to come from SNC Lavalin and others. It appears it is wiser to be a skeptic often.
You opinion seems to say that KRY knowingly promoted their stock to 8 dollars with the assumption (theirs) that they would lose the Supreme court case in Venezuela. You knew that? So, who did you know on the Supreme Court? How could anybody know that, except the people who had bribed the court? You were on the inside on that one, eh? Interesting! So how much did you make on it?
People criticized KRY after the court decision. They took shots at how many options they sold and held, how much they spent on office furniture etc.. as you would expect, since people looked at them as obligated to deliver on the Court's decision. They would ask them to exercise an option and throw themselves on the sword, knowing it could fall out of bed. Well it did. But they did not have a time machine. What if they had won - and the options were not sold, or they retained 1.00 options and the stock went to 20 bucks? Would you ask them to reprice their options? Accuse them of being on the inside track? Bribery? A thorny dilemma.
The same thing happened in revers with TG. A geologist saw one fantastic hole. Would it repeat? Would the metallurgy make a mine? How could he know? The company announced a strike and said they did not know what they had yet. That should have been clue enough. It would be highly irresponsible for them to say anything if if did not look good. So the geologist speculated on the one core. The old saying in geology was "one hole does not make a mine". And speculation on value was allowed by SEC rules. Texas Gulf traded on the NYSE. But the SEC changed their mind when 20 holes later the mine was undeniable. (Even then, the metallurgy had not been don completely so you could say it was still in doubt.) They wanted it both ways. The geologist had to know it was a mine, from the first hole, that he had guessed right, so he should have known. Or could have known. All of a sudden if you make money, it's no longer speculation. So why didn't they make Bernard Baruch give back the 800 million he made on the play? He bet 38 million it was a mine, and he had less information than the TG geologists? And why didn't they make George Bush give back his money? He was on the board and he bought stock. Because the could not prove Georgie knew. It was a Chinese wall that operated for the good old boys back then. But not Murray Pezim. When he tried to claim a Chinese wall existed on his promotion in the Stewart area, he was not believed. Actually he was probably telling the truth. Murray knew you could see it in the stock. He did not need to see drill records for an instant. He used to tell his geologists, "when they come out to the drill, just tell them the secret stuff. Don't give them the company line, but for God's sake keep me in the dark, if you ever tell me a drill result, you were fired yesterday." Strange, he wanted everybody elseto have the inside info, not him! Now that's honest.
Will KRY someday be a six bagger? I don't know. I honestly don't know. My opinion is perhaps not. They could be something more than they are. But it is a tough tough racket. I see claims being exploited by the big boys every day that I knew about 20 years ago. A person in the Mafia used to say "mining is fixed. (It appears from his point of view there was more than one mafia. I would agree with him on that.)
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