Read it and weep shorties!
Crystallex International Corporation -
Stock could soar if decision favourable, says
Bishop
Crystallex International Corporation
KRY
Shares issued 34000000
1998-03-06 close $7.25
Monday Mar 9 1998
Robert Bishop, writing in the February 27 issue of his Gold Mining Stock Report,
says some "surprisingly high prices" could be in store for Crystallex International.
For those on the long side of the Crystallex equation, this happy result could stem
from a combination of a favourable court ruling on title to the Las Cristinas
deposit, along with a clearing out of those who are shorting the stock. The longs
do not have to sell, Mr Bishop states, but if the shorts are on the wrong side of
this story, they will have to buy. Mr Bishop acknowledges he is not clear exactly
what is before the Venezuela Supreme Court, but no matter, Crystallex will
probably emerge with the 12-million-ounce concession. "Whether we get a
decision or, as some believe, an administrative ruling that would make a ruling
from the court a mere formality, I think a win is right around the corner," he writes.
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