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Gold/Mining/Energy : Crystallex (KRY)
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To: tanoose who wrote (9850)2/4/1999 6:46:00 PM
From: charred  Read Replies (4) of 10836
 
Frank, I see that you still don't get it. The payment is excessive. Punto. Most finder fees are paid to companies or individuals who have no interest in the company. Maybe the directors should receive a wage or charge a daily rate.

Let's look at this a little closer. Maybe the SG isn't such a good deal. Maybe the $800,000 payment influenced them to do the deal. Maybe they could have done a better deal. Maybe they didn't negotiate firm enough deal because maybe they were worried about losing the deal which meant losing this huge finder fee. Maybe having a million options is good enough.

You say the purchase price was 32 million and Fung brought it down to 29 million. Who set the price? Buying a gold mine is not like buying a car. There is no set price. They paid $69US a ounce. Expensive, we are not in the $400US gold market. The problem is you are so in love with your investment you don't see straight. I would love to have company with shareholders like you.

Nobody put this in my head. If you are referring to CSW yes I first read it from them.. The beauty of Canada-Stockwatch is when there is news about a company, they summarize it for the subscriber. I log on at the end of the day and CSW tells me whether or not if there was any news. This only costs me $10CDN a month. I don't have time to the read the entire annual report to find this stuff. I only do if I am going to buy a big position. CSW does a good job at researching companies like Asensio does and yes the two make mistakes at times.

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