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

To: the Chief who wrote (4426)	1/21/1998 10:12:00 AM
From: c.r. earle	Read Replies (1) \| Respond to of 10836

Chief, Simplistic you say. Sometimes the most difficult confusing situations have the simpliest of explanations to them. I am not asserting that by this latest turn of events that PDG will automatically lose the porperty, but I would pose the following question. Would you feel more confident with the following developments as shareholder of KRY or PDG? <<Appreciating this, can you think of any reason why PDG would spend more money on a property under dispute, in these conditions ? So the fact that they have stopped work, does not support your claim to title.>> Spend more money??. Are you sure they have begun construction on the site?, one that they have not had title (certainly not clear title)to. There is much debate as to whether or not any construction has taken place. And if in fact they have, is it not rather inept of PDG to continue to spend money on a property they may not be legally entitled to. Placer Dome had been made aware of a problem (by their own legal counsel) with title to the problem long before this became a major legal dispute, but they chose to ignore the situation at that time. So now they want to encourage the court to a decision which could have been avoided if PDG had of been more scrupulous in dealing with the CVG. I do not think the situation is as sterile as you would like to believe. "My claim"? Did I say that? I think you are 'reading between the lines'. I have been doing this long enough to know not to become too attached to one side of the equation without openly considering all aspects. The longer I look at this situation the more questions I have about PDG's behaviour, certainly I am long, and a bias will be evident, but the same can be said of anyone short, (however discreet) do not pretend otherwise. But the bias as you say is a normal psychological extension of my position. And my long positon can change very quickly without a single shedding of a tear. Regards