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Gold/Mining/Energy : Crystallex (KRY)
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To: Carl who wrote (10002)8/6/1999 10:20:00 AM
From: Syncrude  Read Replies (1) of 10836
 
Carl,

I think that you find that most would agree that Crystallex has been and continues to be a speculative stock.

This being said, Crystallex earned over $1.4mm CDN in the first quarter and had operating cash flow of over $4.0mm CDN. Thus, I don't know how anyone can call this company a "dead horse" as you call it.

I don't know what the odds of successfully enforcing their rights over Las Cristinas 4&6 are in reality, but I think a million-to-one is not very close. Crystallex won its previous court cases and the last procedural one was not admitted, different from having past victories striken down. Thus past victories still stand and the property is still registered to Mael.

The key driver continues to be the weak outlook for the price of gold.

PS. Have you counted the number of ribbon cutting ceremonies done by PDG? Have you counted the number of about-face performances by PDG, from this property is vital to the company, all the way (a few weeks later) to we don't know if we can actually make money on this one?
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