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

To: ian dodge who wrote (5125)	2/11/1998 1:38:00 PM
From: Fulvio Castelli	Read Replies (1) \| Respond to of 10836

Ahhh ... what a refreshing change! An honest and polite short. Being long, I obviously disagree with your decision but who knows, we might both make some money. If the price does soften over the next couple of days over the lack of news (quite honestly, this is the only thing you shorts have going for you right now) I would strongly suggest that you take your quick profit and get out. I really and truly believe that this stock is poised to explode. Just a bit of advice from a polite long to a polite short. Ciao.

To: ian dodge who wrote (5125)	2/11/1998 2:32:00 PM
From: flightlessbird	Read Replies (1) \| Respond to of 10836

Ian, thank you for posting. Would it be too much trouble to ask why you have decided to short? I am honestly just curious on whether you are playing off of the delay of an announcement or you have a longer view, i.e., you believe KRY will ultimately lose out in Venezuela. Just trying to get a grip on why some are shorting since there is a fairly large short position out there. Obviously you know I disagree but I would like to hear more about how the market is working from the shorts' perspective. Thanks. (I tried posting this earlier but it didn't go through I think) flightlessbird

To: ian dodge who wrote (5125)	2/11/1998 3:37:00 PM
From: Mr Metals	Respond to of 10836

For the record After following Crystallex for months, I finally took a position in the stock this AM. I went short at $10.10 - 10.20. KRY IS $10.60 UP 95C. Good luck. Mr Metals

To: ian dodge who wrote (5125)	2/11/1998 4:23:00 PM
From: viper	Read Replies (1) \| Respond to of 10836

It is hard to rationalize the market cap of KRY. Even if they win Las Cristinas, they would have serious dilution to endure to fund the project. With current market cap and capital expenditure requirement they would not appear attractive as a buy out for a major. So, if you look at potential dilution if they were to take the project on themselves, they are now pricing a 100% win. Their other projects do not nearly substantiate this market cap, so I do not see where the upside exists. Your honesty will probably offend, but we agree in the long run with your decision.