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Non-Tech : Bill Wexler's Trading Cabana -- Ignore unavailable to you. Want to Upgrade?

To: peter michaelson who wrote (1047)	5/2/2006 12:22:00 PM
From: Bill Wexler	Read Replies (1) \| Respond to of 6370

First, let me preface this by saying I was born in Argentina...still have lots of family in South America...and am somewhat familiar with SA politics. KRY's claim that thart they are only being held up by an "environmental permit" is laughable. If they aren't lying, then what they are telling investors is that the Chavez government has basically told them to take a hike by politelly shuffling their paperwork into some do-nothing bureaucratic hole. KRY has a looooong history of fraudulently promoting the Las Cristinas mine. Read the Asensio archives from 1998(!!) regarding this company. here is a particularly interesting report: asensio.com I believe that Crystallex has again muddied the waters in two ways: 1) It is not clear that they have any rights to the mine (my educated guess: they don't). 2) Even if they did, I seriously doubt their reserve estimates. Common sense would dictate that if this mine were the blockbuster Crystallex says it is...it would have been developed long ago...and not by a 2-bit Canadian junior. Don't you find it quite odd that this company ALWAYS seems to be just one permit or document away from exploiting the Las Cristinas property? Much like the REFR fraud, KRY finances its scheme through stock sales. Check out the increase in the float over the past decade. It is now about 200 million shares...and rising.