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Gold/Mining/Energy : Crystallex (KRY)

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To: Natedog who wrote (8918)6/11/1998 11:03:00 PM
From: Greg Ford   of 10836
 
Give it up Carson. It's over. PDG has won.

Look back to Carson's stories they all pointed to this decision as being the final decision. Now he is saying that this is only the beginning. The reality is PDG will secure the financing and will build the mine in 22 or 24 months - really who cares. Carson is only trying to save face. We are going to see other's try to save face; Bishop, Charters, Grandich, Management. They will all have a story - an excuse - they will all be ready to start another promotion.

KRY is worth very little right now - probably book value of the cash it has. Expect lawsuits. Expect the analysts and investment letter writers to be sued - expected managment to be sued.

Like I said before look at Bre-X, Delgratia, Hixon and others - this sorry story repeats itself. Do not dismiss the mainstream media in favour of Carson and other hypsters. Go reread Stockwatch articles.

I agree with Mr. Charters that Venezuela will not be an easy country to work in. I am sure that KRY will use this excuse to close down Albino once it's cash runs out.

The recent proxy indicated that MO has a three year contract with KRY for over $200K US per year - certainly he will not lose.

The TSE and AMEX need to conduct another investigation. Another black eye for mining stocks.

Excuse the rambling post. I am sorry to all of you who lost money on this promotion.

Greg
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