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Gold/Mining/Energy : Crystallex (VSE:KRY)

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To: Playing With Profits who wrote (24)4/17/1997 9:56:00 AM
From: Bob Walsh   of 60
 
KRY was only halted pending release of news which they and PDG apparently held back (probably at PDG's request until after their annual meeting).

The market appeared as confused as you this morning as it couldn't determine an oppening price (the bid/ask started at 4.25 then went down to 3.00 and finally oppened at 3.95 ).

The legal decision appears to completely favor KRY, however there is still the political side - the Minister of Mines.

Both KRY and PDG have put their spins on it. I predict that PDG and KRY will negotiate an agreement shortly.

Regards,
Bob
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