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Gold/Mining/Energy : Crystallex (KRY)
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To: Graystone who wrote (8510)5/4/1998 10:38:00 PM
From: Syncrude  Read Replies (2) of 10836
 
Why is your post directed at me, or is directed at someone else? I am not short the stock. I have reduced my position as I tired of the continuous delays and the chance that the stock might dip upon the release of the 1997 financials. As well, I think that what might follow a court decision is not clear. For the time being, I am pursuing other investment opportunities, while maintaining a small position in KRY. The chances of KRY going lower are real because of the financial report to be released. My upside value of KRY is still at $17.50CDN. I see no reason for the continued delay in the release of the court ruling, so I gather political reasons prevail, ie. potential use of the ruling and its resulting impacts for political advantage. At this stock price, I doubt that KRY is positioned to do any deals.
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