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


To: Deep Throat who wrote (6841)3/15/1998 8:04:00 PM
From: Greg Ford  Read Replies (2) | Respond to of 10836
 
What are Carson's motives? This question has always concerned me.

I believe that PDG will prevail because:

1. they can build the mine quickly and thereby create employment for thousands of Venezuelan's.

2. they can finance the construction of the mine.

3. they can operate a mine of this size.

4. they will provide much needed credibility to the Ven mining industry.

5. they have an existing relationship with the MEM.

6. they were granted the gold mining rights in the July ruling.

Ruiz has left KRY. There has been insider selling. If Mael owned the rights why not sell them to a major?

The gig is almost over. Too bad you can't buy puts against your positions. I am sure most of you are short anyway.

Greg