Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: charred who wrote (7077)	3/18/1998 8:23:00 PM
From: Steven Kalugin	Respond to of 10836

Just received the update from Richard Marshall, with the corrected Reuters article. There are quite a few amendments, starting with " Venezuelan politician say Crystallex claims false" As well, further to spratt's post: "But Bernardo Alvarez Herrera, chairman of the Energy and Mining Committee, told Reuters by telephone that Acosta's comments were his own opinion and would not bear on the Supreme Court.""The general opinion in congress is that we consider it an economic and legal dispute between two firms which is now in the Supreme Court and we respect the independence of the judiciary. We don't have to interfere," he said. Still long and strong, Steve k.

To: charred who wrote (7077)	3/18/1998 8:24:00 PM
From: Bill Jackson	Read Replies (1) \| Respond to of 10836

Charred one:, Yes we gather he is part of the gang whose president was jailed and some say PDG bribed. So you know he knows where the butter on his bread is. So far his party's toast seems to be landing butter to the sand. So he has true grit. He does not speak for the people. He wants a return to the power elite of the past. The current government is far more 'of the people; and the betting is that the old crowd will not get in. However they are actually losing money by trying to sell excess iol. Selling less would get them more $$ as the price would go back to $20+ The PDG monster plant would be more highly automated and need less local labor, the 3 smeller operation would use a smaller level of automation and more local labor. Look it up. It is no good to have no-one working there from the locale as there is no trickle down of $$, excep as maids and butlers. In additoon the smaller plant of KRY will stretch production over a longer time and thus be better for infrastructure and jobs in the long run. Do you not recall your history book about how the Inca gold destroyed Spain in 2 generations? The brought back gold and bought stuff and their own industries did not develop and once the gold was gone they ended up behind the rest of Europe. Same with oil, they are pumping and wasting the resource and if they do not stretch it and cut the rate in half they will only get 1/3rd of the oil and $$ a long term approach would give them. Bill Bill

To: charred who wrote (7077)	3/18/1998 9:05:00 PM
From: Canpolo	Read Replies (1) \| Respond to of 10836

What do you mean he is not responsible for the (Kry) investor??? If this thing proves to be false in the long run, I can just see it now, class-action suits by American investors who did some panic selling. Secondly, politicians also have to work to have some credibility. If his allegations prove false how will he look like as a politician. Oh I forgot, this thing simply a case of lack of political credibility. KRY's victory will restore some of that.