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Gold/Mining/Energy : Crystallex (KRY)
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To: Valuepro who wrote (9716)9/19/1998 8:18:00 PM
From: Greg Ford  Read Replies (2) of 10836
 
Valuepro, you name is so misleading especially if you still believe KRY owns LC or better yet will ever build a mine there.

My previous points on this thread outline my views regarding the value of KRY - if you are interested you can seek them out for yourself. All I know is that I was right on this play, have been right all along and will continue to be right if supporters of KRY like you and Patrick continue to talk about LC as a KRY concession.

My point is KRY burns through cash like its going out of style. In case you haven't noticed gold is $291 per ounce. How long will KRY's cash reserves last in the face of such a low gold price. Also, where will KRy get the financing for its future plans. With the economic crisis currently engulfing Latin America it is unlikely an unproven junior will be able to attract financing for a project regardless of how lucrative it may be. They may be able to JV with a major but why would a major want to be involved with KRY, It can't be for Albino - it can't be because Robert Fung former Chairman of Gordon Capital is on the Board.

The directors haven't put up any money for KRY shares why would they finance any projects.

Where is KRY's bright future?
Who says "veta rights" have any value?
Where is their feasibility study for the expansion of Albino?
Who says they won't write off their interest in LC?

Just some things to ponder?

Greg
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