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Gold/Mining/Energy : Crystallex (KRY) -- Ignore unavailable to you. Want to Upgrade?


To: Michael Bidder who wrote (4149)12/23/1997 2:19:00 AM
From: tanoose  Read Replies (2) | Respond to of 10836
 
Hello mikey;

These are what you call facts??, is their a junior mining company anywhere that is just bringing a property into production and developing a future that hasn't incurred a loss.....think about this one if you know anything about mining.

There were extra costs incurred to upgrade their mill in order to ramp up their production......added costs however increase in production?

That's called long term planning......something you cannot fathom now can you mikey.........OH mikey by the way who is mining in Venezuela at the moment and who do you think they sell their gold too????

What is the cost of doing bussiness in South America....got any idea..........not!

The stock was trading in the $2-3.00/sh range long before this opportunity came to KRY.........just how long do you think they have been in Venezuela mikey.....any idea......problably not.Yes if the decision is ruled against them they most likely will drop to a dollar as in any market overreaction, and then their share price would get back to range they traded in for most of 1996?????? So the risk factor from this level is only 50%, that's if you know how to trade. This is fact that all have discussed many times before, and those that are in this stock are aware of the risk.

Now why would a man such as Robert Fung sell his shares and agree to options at $7.20/sh........HMMM!.....mikey can you figure that one out?? "Confidence" It is common practice for corporate members to unload shares before a dramatic change.........if they didn't have faith would they just be working for options?? You would think that if these gentlemen were really pulling a scam, as you are implying would they not have loaded up on shares in order to dump even more????

Oh mikey......how much did PDG lose last year in some of their most notable deals.......?????

Oh mikey go play the flute with "Brucey boy" your time is "short", year end is approaching, you will feel the stick of Robert Fung and then you know youll have been "Funged" for good.

With regards,Frank

P.S.If you can? try reading Mr.Charters post from earliar to-day, you may be enlightened?.........probably not requires an ability to comprehend, something you fall "short" of........gee that's a pun...he,he,he!

P.S. Try again mikey belittles.....I'm sure you can do better.....not!



To: Michael Bidder who wrote (4149)12/27/1997 4:59:00 PM
From: E. Charters  Read Replies (1) | Respond to of 10836
 
Robert Fung did not sell all his stock to hold zero shares.

He holds about 1,000,000 shares according to the Northern Miner
report.

Oppenheimer holds about 1,000,000 shares and options together
according the the VP of Crystallex.

Insider trading reports of the type you got are notoriously inaccurate.

Company Losses were related to expenditures on exploration worldwide and the court case, not the cost of mining gold which is in the low $200.00's per ounce.

700,000 on furniture sounds good if you plan to seat a staff of a profit making company and have them using good computers. I hate those offices where everybody sits on orange crates and squints at solar calculators. To put this in perspective, the Esso gas station down the road (8 pumps) spent 1,000,000 on installing a car wash and renovations. A computer store not far distant spent 50,000 on benches, tables and shelves for their repair and sales staff of 10 people. A restaurant in town operated by a friend of mine cost 500,000 to do interiors and install the kitchen 15 years ago. An office desk is 1500.00 for an average one. A decent chair is 600.00 and the computer that sits atop it will be 5,000. Add rugs, drapes, table lighting, foyer furniture and drafting tables, light tables, map hangers, etc and you have a few bucks it outfit a staff of 20.

echarter@vianet.on.ca
The Canadian Mining Newsletter

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