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


To: viper who wrote (8254)4/16/1998 3:35:00 PM
From: E. Charters  Respond to of 10836
 
There is a court case. Viper, you know how it's gonna come out. Dome is going to win. No doubt! Mme. Gomez phoned you at home and told you.
So YOU GO SHORT ON KRY, YOU CANNOT LOSE. RIGHT?

Great way to play the market, expert.

Timing is everything right?

So what if the CSJ uphpold the last three decisions they have made for Crystallex and turns Dome back. Uh-oh. Yes. They decided for KRY 3 previous times. Remember when they GAZETTED TITLE Oh yeah. They really got it against those guys. So on the off chance they should go out on a limb and favour them once again what should you do to protect your short?

I got it. Go long KRY calls.

But.

There are no KRY calls. The TSE derivative goons are not yet up to speed on this.

SO the strategy SHOULD be to equal your leverage. That is the only way that hedgeing will win. The only way to do that is to go long Dome calls. Also put Dome at the same time AND Go long KRY. Then you have excellent leverage, the same fundamental philosophy and you do not have to debate the matter of who sleeps with whom in far off countries.

EC<:-}



To: viper who wrote (8254)4/16/1998 3:47:00 PM
From: E. Charters  Read Replies (1) | Respond to of 10836
 
I got it. You are a NASDAQ broker. Write me some calls on KRY!. You can do it!

Lets go July 15.00. I will pay 0.80

Fair enough? Come on, you can't lose!

EC<:-}



To: viper who wrote (8254)4/17/1998 3:51:00 AM
From: Graystone  Respond to of 10836
 
When KRY is $25.00, you will be fangless. <eom>



To: viper who wrote (8254)4/17/1998 8:13:00 AM
From: Mr Metals  Read Replies (1) | Respond to of 10836
 
Here's one to watch.

SouthernEra Resources Limited -

Post says firm mulls bridge financing to cover De Beers fight

SouthernEra Resources Limited SUFShares issued 256952651998-04-16 close $8Friday Apr 17 1998The Financial Post reports in its Friday, April 17, edition that SouthernEra Resources told investors yesterday that South African banks have offered to lend it up to US$20 million in bridge financing to continue its diamond mining and exploration work. The Post's Peter Kuitenbrouwer writes that SourthernEra will need cash as it braces for a court battle with De Beers Consolidated Mines over a diamond cache, known as Marsfontein farm, in the Transvaal. SouthernEra says Marsfontein was the company's immediate source of cash flow and was going to be the money to develop the rest of Klipspringer and Angola. But the ownership of Marsfontein is now in question. On Monday, De Beers said it had bought a prospecting contract at the site from 29 people claiming to be heirs to the mineral rights. Cannacord Capital analyst David James says that all bets are off on SouthernEra stock now that its "dandy deposit" is in dispute. (c) Copyright 1998 Canjex Publishing Ltd. canada-stockwatch.com

Mr Metals



To: viper who wrote (8254)4/17/1998 12:18:00 PM
From: Richard Humphrey  Respond to of 10836
 
Oh toothless one! What will the downside next week be $3.00. You originally started at a $1.00, now were at $2.00 Cdn. Gosh time is truly on KRY's side.
BTW, this ain't no Bre-X. PDG says there is 11.8 MM oz in the ground and they certainly are going to extreme lengths to TRY and keep it. PDG knew prior to receiving the illegal work contracts that CVG did not have title to the property. Maybe the PDG management should have listen to KRY earlier. They could have been mining this gold with KRY's blessing. Oh Well! C'est la vie!!