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: michael robinson who wrote (9505)	7/27/1998 8:31:00 AM
From: Avalon	Respond to of 10836

Michael Robinson.. FWIW, I believe others have heard the same thing as you did...here is a cut and paste of an e-mail I recieved. I won't identify the sender but if he/she wishes to post further to answer any questions related to this topic, then I am sure he/she will do so. " Hi Avalon: This is my first e-mail to you, although I have been following your posts for a year, now. 'Saw Charred's questions to you concerning Carson, the "$ 23 offer from PDG" etc. Gosh, this is really old stuff! To the best of my recollection, the offer( last summer) was rumored to have been floated by the single FEMALE member of PDG's BOD at that time, only as a feeler, or trial balloon. I cannot remember her name, but I think she was CEO of some Canadian oil, or gas Co. , and has since left PDG's BOD. Anyway, that's what I remember hearing at the time, and I cannot remember where , or from whom I heard it. Long time ago, now. Best Regards" AV

To: michael robinson who wrote (9505)	7/27/1998 10:23:00 AM
From: Jerry Collins	Read Replies (1) \| Respond to of 10836

Mr Robinson -- Your account of the origins of the $23 offer rumour may well be true. Who's to say it's not? However, such a story is not supported in any way, shape or form by the record that it originated, officially or unofficially, from the offices of Placer Dome. Your account lends credence to the notion that PDG having something to do with the offer itself. Clearly, there is no evidence to support this beyond the word of the rumour mongers, and as such must be treated as another hypsterish flight of fancy until something more substantial comes along. The record indicates Placer was not the least bit interested in dealing in any way, shape or form with Crystallex. Right from the word go, KYR's challenges over its right to work the Las Cristinas concessions were dismissed by PDG's top brass as another promotable title challenge dressed up in a slightly different outfit. PDG has stated clearly time and time again it had nothing to compromise over. Right from the word go, PDG took a hard line on the matter, so it escapes me why anyone from PDG would hint at such an unofficial "offer." Another reason why it makes no sense is that the economics of LC 4/6 are marginal enough for Placer without it offering to buck up an additional $750 million to buy out Crystallex. To my knowledge, Placer didn't even seriously consider offering KRY a token sum to make it go away. Far more productive would be to find the earliest published reference to the $23 offer (it could have been in a chat forum, it could have been a newsletter or news service) and challenge the source. At that point, I believe, you'll be much closer to the truth. Jerry Collins CSW