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

To: Martin E. Frankel who wrote (8784)	6/10/1998 10:44:00 AM
From: E. Charters	Read Replies (1) \| Respond to of 10836

I would say based on the low volume that is only about 200,000 shares per day, that it is summer selling for cash. There have been a spate of margin calls recently. I had to cover with a bank. Brokers don't like the risk, negatively underscored by the popular, (uninformed and surficial) press taking a negative view of the timing, time and likelihoods of the affair. It is cursory and unfair to the reality of the process, KRY's efforts and the Supreme court. But it is realistically financially fair with regards to the question of value when non of us knows when the court will write. (July? September?) It is a risk and a long, long hold. Investors are perplexed, and losing interest in holding particularly with a low gold price and no clear change for this condition in sight. The price of gold is LOW. echarter@vianet.on.ca The Canadian Mining Newsletter

To: Martin E. Frankel who wrote (8784)	6/10/1998 2:12:00 PM
From: E. Charters	Read Replies (4) \| Respond to of 10836

Based on a discussion with Richard Marshall. 1. The Bloomberg report is wrong. The decision is not imminent. This was retracted. 2. Atkinson is also guessing, the Saturday expiry of 250,000 3.25 warrants will not affect the market. 3. The Canadian Banks DID cut all margin on KRY last week due to the FP article detailing the money spent by Crystallex on the court case. 4.The Supreme court is in session now. They have stopped hearing all briefs and submissions. They have reached a decision. They have said they will issue it soon. I would GUESS it will be sometime in July. If not it will be sometime in late September. 5. The MEM was erroneous when it averred that Dot de Lemon had revoked her power of attorney to her lawyers to dispose of the claims LC 4 and 6. It was never revoked by law. No legal document states otherwise. 6. Based on the above and the weak summer market and the low price of gold and a possible Asensio attack (he is involved in dropping another stock right now), I would buy more Crystallex, especially on any weakness. echarter@vianet.on.ca The Canadian Mining Newsletter