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Gold/Mining/Energy : Crystallex (KRY)

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To: charred who wrote (10064)	8/22/1999 3:50:00 PM
From: Valuepro	Read Replies (1) of 10836

If KRY held title to LC 4/6 directly, they would have been taken out long ago, and cheaply at that. The current arrangement defeats any ideas of hostile takeover as Stay Management, privately held, would not be part of the package. If Stay Management wanted to rip-off KRY shareholders, all they would have to do is offer Las Cristinas to the highest bidder. Certainly that option would make at least as much as you say they are doing by screwing KRY shareholders - and those rewards would come in an instant with far less hassle. I wonder just what PDG would pay to have clear title and no law suits over Las Cristinas. You can't say the suits don't matter. PDG's BOD would not look very smart committing half a billion dollars without clear title. Otherwise PGD could forward sell enough of production to make the mine profitable at current POG. Charred, I will not argue with your technical skills. You were certainly correct about Gitennes, but don't you have some interest(s) in PDG having once worked for them? ...stock in a retirement account? Pension plan? VP

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