Congratulations to kryistas who kept the faith, it's been off my shortlist for a long time but it goes back on now .... 'approved the signing of an operating contract' - sounds like CVG will retain title and farm out operation to kry on some sort of percentage basis, perhaps sliding-scale with a PoG floor, a percentage of gross profit on a cost-plus deal, or ? - doesn't tell us any details here, and they may not yet be worked out .... but it certainly shows that kry is well regarded by the chavistas ..... how dependent will they be on the political duration of Chávez, will be one of the questions .... i think there will be strong perception of country risk here for a long time, the venezolanos very much like their don Hugo, and powers that be in the US do not ... so there could be maintained on the share a deep discount below a similar operation in say Sonora or Nevada, like Southernera with their Messina where they have 15m ozs high-IRR Pt/Pd and a mine about to start, cash flow of us2.00+/sh coming and the share trading at us4.50 or so ..... and the shareprice goes through waves of political risk scariness, it sets up trading opportunities on a regular basis ..... yes, kry goes on watchlist right now, i suspect i'll be holding some soon, not monday if there's a gap-up or spikey movement without clarifying details, though
Agreed on Stealth, it does look good, the bid increased substantially this last week and not very many shares came out to meet it, 250k only .... bodes well, one of the things you worry about with these efforts is an overhang of old tired paper hovering there looking to pounce on you .... not the case with sml so far .... seems reasonable to expect that they're talking things over with prospective placees right now, eh .... a moderate sized pp at .30 with warrants at .40 maybe, then shoot for the next at .50 with warrants at .65 ... ? ... got to keep them scaling up, or lose momentum .... but we'll see how it goes .... the website is still down but now they have a page on it that says it will be back up next week
SI is going to shut down 'for four hours' at 10h00 pacific, that's 13h00 eastern ... this may be it folks, it's been nice knowing ya -g- ..... you might consider bookmarking this as an alternative meeting-place - investorshub.com |
