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

To: Avalon who wrote (9445)	7/21/1998 3:39:00 PM
From: Carl	Read Replies (2) \| Respond to of 10836

OK..no problem here...I just thought I was doing a public service by warning people of what Jerry is capable of Hi Avalon, The problem is I don't really know either of you very well, so it's hard to know who to believe. If Jerry is as nasty as you say he is, it should be obvious very soon. This applies in both directions. There are people here who will tell you that I'm an evil shorter who tried to destroy KRY :-). Unless you want to go back and read a couple of years worth of posts, you'll just have to judge for yourself based on future posts.

To: Avalon who wrote (9445)	7/21/1998 4:12:00 PM
From: Valuepro	Respond to of 10836

Av, I'd sworn off this thread, but wanted to reply to you and help get the discussion, for the sake of lurkers like me, back on the subject. Jerry and Charred already got my special version of a SI ignore button. As to your last post, I agree with those observations with one exception. That is, I believe management was referring to Albino being capable of 150K oz per year by itself. If that is the case, an acquisition of another producer could add several 10's of thousand of ounces more per year. Correct me if I'm wrong, please. ValuePro

To: Avalon who wrote (9445)	7/22/1998 6:47:00 PM
From: Jerry Collins	Read Replies (1) \| Respond to of 10836

Av -- Your points in 9445 are interesting but too speculative to merit much serious comment. In fact, this has been the whole problem with the Crystallex story as per what you read on some Internet chat sites and websites: wild speculation, supposedly gleaned from unnamed insider sources, and then . . . . . . . . absolutely nothing comes of it. You'd think that after a while, the ones with the worst track record would begin to get noticed, in a negative way. Instead, some of the worst offenders are getting ready for canonization. It's a funny industry. Your first point, however, is an exception. Regarding the increase of production at Albino following "veta" rights, which I presume mean deep-vein rights, this was commented on a couple of months ago by Felix Freeman at ScotiaMcLeod. Referring to tiny, money-losing Albino, Mr Freeman says the 15,000 oz/year mine, "which hosts resources of 300,000 ounces and must now convert from an open pit to underground mine, which requires rebuilding the mill circuits and driving a ramp to the narrow veins below the open pit, both of which would greatly increase the cash costs from the open pit $150/oz." So Mr Freeman doesn't seem to be confident the numbers involved in increasing production are going to work out for Crystallex. Besides, if there are only 300,000 ounces in Albino, where is the production going to come from to boost the figures up to 150,000 ounces a year? Referring to the June 11 decision, Mr Freeman also said: "While there was little chance of Crystallex having prevailed, as reflected in the lack of reaction in Placer's price on the decision, the story will be remembered as a highly skilled promotion, with all channels of information used to the utmost extent, especially the Internet." Speaking of the Internet, here's another historical item from Roy Carson's e-mail service, as summarized by Stockwatch: . Carson silences rumours about chatty Ruiz Crystallex International Corporation KRY Shares issued 34,000,000 1998-02-10 close $9.75 Tuesday Feb 10 1998 Roy Carson, writing in a February 10, 1998 e-mail to his VMI e-mail subscribers, says he doubts whether outgoing Crystallex de Venezuela president Oswaldo Ruiz would risk putting his "very generous" settlement with Crystallex International by talking about his experiences with the company to outside interests. Mr. Ruiz, who was named to the position in September and who was replaced this month, signed a one-year confidentiality contract with KRY. Mr. Ruiz was replaced as president of KRY's subsidiary by incoming director Enrique Tejera-Paris. The issue of discussions arose as Mr. Carson mused about what may have taken place at a December cocktail reception in which both Mr. Ruiz and representatives of Corporacion Venezolana de Guayana (CVG) attended. CVG and Placer Dome are involved in a joint venture to develop the disputed Las Cristinas 4 & 6 concessions. Mr. Carson says such receptions rarely offer serious discussion, but that did not stop the ample Irish journalist from confessing to having attended 20 such parties in the space of one week. JC