To: Ally who wrote (6488 ) 3/8/1998 10:27:00 AM From: Fulvio Castelli Respond to of 10836
Well, we whole-heartedly agree on your assessment of Mr. Asensio (you see, this is the new me...the OLD me would have said Assholio...hope I'm making you proud Chief). His attack was based on nothing but lies and yes, it was very self-serving. And of course, Barbara is correct too. In her perspective (as in politics) the truth matters not a whit. Go with the flow on this one and you'll make money. And Asensio certainly does seem to have the power to direct the flow of a stock. But I think that in this case, he does so only temporarily. (I know, I know Barb, you've heard this all before.) This is why I asked Barb that question as to how she determines when the risk begins to outweigh the reward without knowing anything about the company and without worrying about Asensio's amoral agenda (for both sides of this play). As to where we're going from here, I think it is very difficult to predict. Failing further attacks from Asensio, the stock should rally this week. If he attacks again, we could (should) see another dip. But his attacks will become less and less effective and my feeling is that although further attacks from Asensio are inevitable, this stock probably will not go below $6 CAD. As to where we'll end up given a positive ruling, well this depends on two things. The timing and the nature of the ruling. If we get it soon (i.e. next week) and if it is all we hope it to be (i.e. a declaration that the MEM's actions have been completely annulled) then this stock should skyrocket. Adding to the fuel of this skyrocket will be all of the not very committed shorts that jumped on the bandwagon last week. Given the current POG and assuming that the POG WILL rally this year, a reasonable price for KRY to 'settle' at after all the smoke clears should be in the $15-$20 range (with the short covering after-burner engaged, it should overshoot to the mid 20's). When they start mining, $25. (THIS IS MY OPINION ONLY.) And this is just for Las Cristinas. When Albino deep mining gets underway, and the other Venezuelan properties kick in, and the Brazil program kicks in, and the whole KM88 'big picture' unfolds, and the multi-resource 'wider picture' unfolds ... well let's just say that there is still lots of room for growth :-) Hang in there. Ciao.