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


To: Avalon who wrote (9470)7/23/1998 10:44:00 AM
From: Jerry Collins  Read Replies (3) | Respond to of 10836
 
Av --

In defending your remarkable statement that KRY's production could reach 150,000 oz/year by 1999, you hint at having access to corporate information not available to the market generally. That, of course, is called distributing insider information.

"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...)"

You have boasted in the past that you're always on the phone to the main players at KRY, as well as others, in between serving customers and clients at your unnamed Toronto trust-company office.

How do you come to have a "suspicion" that an acquisition is in the cards? Did anyone tell you this, or did you make it up? If someone told you this, who told it to you? If no one told it to you, what is your source?

Crystallex has often been compared to a ship on an odyssey. If we are to believe the boasts of posters such as yourself who state they are in the know and have excellent sources at management, then it may be a leaky ship indeed. And if it's not true, Crystallex should be very concerned about it.

Yours is yet another example of the unverifiable Internet hype that passes as discussion on some other forums.

Roy Carson is another chap who was forever coming out with insiderish information. Here's a rare example of when this information proved correct. Robert Fung was named chairman five days later.

Carson says Fung to be named chairman

Crystallex International Corporation
KRY
Shares issued 34,000,000
1998-02-12 close $11.25
Thursday Feb 12 1998
Roy Carson, writing in a VMI Briefing e-mail of February 12, 1998, says
Crystallex International is set to announce the appointment of director Robert
Fung as chairman of Crystallex International. Marc Oppenheimer will remain as
president and chief executive officer, the well-connected Caracas-based journalist
reports. Crystallex has been involved in a well-promoted legal challenge in the
Venezuelan Supreme Court over matters relating to mineral rights at Placer
Dome's Las Cristinas 4 & 6 concessions. KRY emerged with a title challenge in
March 1997 after acquiring Venezuelan-registered Inversora Mael. Placer has
been working LC 4 & 6 since 1992 in a joint venture with a minority partner, the
government agency Corporacion Venezolana de Guayana.

Jerry Collins
CSW