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

To: flightlessbird who wrote (5713)	2/24/1998 9:30:00 PM
From: Bill Jackson	Read Replies (1) \| Respond to of 10836

flightless one. I think the viper in our midst has a function, and that is to try and cause a downward avalanche after some kind of bad news. He and friends will sell and trigger some stop losses and then they will cover their exposure. The big problem is the level of confidence is so high that few are ready to dump stock in fear. They have a quiet confidence that KRY will win and are accumulating as much as they can as they get the money. Bill

To: flightlessbird who wrote (5713)	2/25/1998 12:17:00 PM
From: charred	Read Replies (1) \| Respond to of 10836

Oh mighty flightlessbird where did you dream up of $25 a share, this means $1,000,000,000US dollars. This won't happen in this market and this price of gold. I posted this about 2 weeks ago. I would like your comment. What I posted are facts. Reply 5251 Hello to all. I have not been able to follow this thread for the past few days. There has been some talk of this Carson guy. He said there were rumors of a takeout at $23US and Funk rejected it. That is a joke. It was only a rumor. Lets look at what Carson is saying. Today's market cap at $8US X 35,000,000 shares = $280,000,000US. Buyout at $23US X 35,000,000 shares = $805,000,000US What I am trying to do is to figure out what would be the buyout price if KRY wins the concessions. I going to use the Barrick takeover of Arequipa Resources as an example and a base to help me figure out the buyout price. Two years ago Piernia was bought out for $700,000,000US LC = 10 million ounces Piernia = 7 million ounces LC = Capital Cost = 600,000,000 Piernia = Capital Cost = 200,000,000 difference $400,000,000 Production Costs per ounce at LC = $205 per ounce Production Costs per ounce at Piernia = $50 per ounce. Therefore Placer is offering KRY $80US per minable ounce. With production costs at $205US, 600,000,000 million capital costs and $800,000,000 takeover I can't see it. If any company is going to takeover KRY it will cost them in the near term $1.4 billion US. Big bucks. With the current low gold price there is no chance. There will probably be a JV with Barrick which isn't bad. As the above numbers show Piernia is a better mine. Barrick's takeover with capital costs were about $900,000,000US. In today's market a buyout could between $400 to $500 million, $10 to $13US per share. Still that is pretty high. Therefore we should be careful what Carson says. After reading the July 4th news from him I get the impression that everything he says is based on rumors. His Feb13th was even worst. He personally attacked the President of the CVG with his own opinion of him. He not reporting facts but his personal opinion. It is obvious this guy doesn't know what is good for that country and knows shit about the mining industry. "Placer Dome is History" What kind of statement is that. If the stock is going up because of his rumors BE CAREFUL.