SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : Crystallex (KRY)

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Michael Bakunin who wrote (10822)9/23/2005 3:48:45 PM
From: Syncrude  Read Replies (1) of 10836
 
Michael,

Chavez's popularity ratings are due to promises that he has made and has yet to live up to. Ranting and raving against foreign companies is a way to distract from his domestic failings. At some point, people will wake up. In fact, a significant number of the population attempted to initiate a referendum set to remove Chavez, but he clamped down hard on dissidents.

Chavez's renewed efforts to stir up trouble in the region is a way to focus attention abroad instead of his poor record. Chavez did not do a good job with past oil profits. With oil revenues up even higher, he still has failed to solve the many problems of the country.

With respect to the contract, I doubt that it was poorly drawn up or that it was purposely designed to fail. It is rather Crystallex's weak management and poor track record that may invite Chavez to gain even more benefits for Venezuela and less benefits for the battered KRY shareholders.

Bottom line, KRY shareholders continue to pay a heavy price, while insiders avoid holding more that TOKEN share positions, while continuing to collect high salaries.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext