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


To: charred who wrote (9467)7/23/1998 8:06:00 AM
From: Avalon  Read Replies (1) | Respond to of 10836
 
Charred..

Thanks, I am aware that Albino is KRY's only producing asset...I am also aware that in their projections, KRY is looking to ramp up production to 40k oz. per year approx.
It therefore seems quite logical to me that if they are going to meet their target of 150k oz., they will have to acquire a property that is already producing.

I have my suspicions that an acquisition rather than a merger is in the cards. I also have suspicions as to where they might be looking. (There is an interesting story behind the reasons for this suspicion and if it proves to be correct I will tell it to you...assuming that you are interested...in the mean time I prefer not to post it as I really hate being publicly wrong twice in 6 weeks..especially with regards to the same company...lol..). Unlike Jerry, I try to make sure that what I post is accurate.

As far as firing high priced management or slashing salaries, I am quite happy to let the BoD decide on this issue as they are the only ones who have a true idea as to what value certain management personnel bring to the company.

AV