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: Sawdusty who wrote (9385)	7/18/1998 7:44:00 PM
From: Greg Ford	Read Replies (1) \| Respond to of 10836

Dan, your comments sum up my thoughts as well. I have followed this story for many months and at times tried to bring balance to the forum. There were many members of the forum that were pure cheerleaders for KRY. That's fine. The problem is that their conclusions appear to have been based on rumors and gossip - much attributed to Mr. Carson. Looking forward I see very little value in KRY. The cash balance of the company has decreased by over $5 million since the first quarter; Albino is a less than a marginal mine even with veta rights (whatever that means); the company has never made any money; it does not have mining people on the board although some members of management have good mining experience; it does not have the ability to raise financing in a low gold price environment. This lawsuit will further drain KRY coffers and should precipitate the departure of management and many members of the BOD. I think in one of my previous posts I said the stock would be worth $.50 - I was wrong more like $.25. Greg