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Gold/Mining/Energy : Crystallex (KRY)

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To: Syncrude who wrote (9526)7/28/1998 2:27:00 PM
From: Jerry Collins  Read Replies (1) of 10836
 
Oookay, Patrick -- So what you're saying is Placer's quick dismissal of the possibility of a payoff for Crystallex equals serious discussion of a KRY buyout, which in turn would lead to the legitimate existence of a buyout rumour.

Have it your way. You're version of events, I'm sure, is absolutely correct.

Thanks for reminding me that we haven't journeyed into the past with Roy Carson. Here's one from the middle of April.

I especially like his chatter about how wrong we'll be proved -- which is what Avalon now says. Talk about irony.

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Crystallex International Corporation
KRY
Shares issued 34,000,000
1998-04-15 close $6.45
Wednesday Apr 15 1998
Roy Carson, the Caracas-based purveyor of happy news from Crystallex
International, is critical of a two-part series by Stockwatch on court cases relating
to mining rights at the Cristinas 4 & 6 concessions. "I guess everybody's used to it
now," the folksy journalist writes in apparent reference to how the North
American news media have handled the story. "Big yawn!" Mr. Carson made his
comments in a VMI Briefing e-mail to subscribers on April 15. The Stockwatch
series indicates Crystallex and its local subsidiary Inversora Mael are attempting to
sue the government over mineral rights; KRY claims the case is about the
confirmation of ownership rights to the concession. He adds the joy of the series is
to see how Stockwatch "must reverse itself when reality dawns" that they have
"screwed up enormously." Mr. Carson, a transplanted Irish-British national,
repeats Crystallex's position that the courts have sided with KRY on the
ownership issue three times in the past. He calls it a "fact of life" that Crystallex
holds title to the concessions through its Inversora Mael subsidiary. Placer Dome
has worked the concessions since 1992 on the basis of a government-issued work
contract.

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Jerry Collins
CSW
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