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Gold/Mining/Energy : Crystallex (KRY)
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To: Martin E. Frankel who wrote (8784)6/10/1998 10:44:00 AM
From: E. Charters  Read Replies (1) of 10836
 
I would say based on the low volume that is only about
200,000 shares per day, that it is summer selling for
cash. There have been a spate of margin calls recently.

I had to cover with a bank. Brokers don't like the
risk, negatively underscored by the popular, (uninformed
and surficial) press taking a negative view of the
timing, time and likelihoods of the affair. It is
cursory and unfair to the reality of the process, KRY's
efforts and the Supreme court. But it is realistically
financially fair with regards to the question of value
when non of us knows when the court will write.
(July? September?)

It is a risk and a long, long hold. Investors are
perplexed, and losing interest in holding particularly
with a low gold price and no clear change for this
condition in sight.

The price of gold is LOW.

echarter@vianet.on.ca

The Canadian Mining Newsletter
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