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Crystallex International Corporation is a Canadian-based gold company with a successful record of developing and operating gold mines in Venezuela and elsewhere in South America

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Message: Permit Price?

I was impressed by this post yesterday & saved it:

Posted by: theceltbeserk on October 17, 2007 07:38PM

In response to: Re: Question for the Board by diabloelk

I think it will really depend on when the permit announcement is made. 

After market or pre-market or even mid-market.   Will the stock be halted.

I am hoping for a pre-market announcement with a halt prior to open.  This will trap the last couple of million of shorts that are left.  Then we probably open at 5 or 6 to start and the shorts covering drive it to 8, but after some profit taking I think we close in the 6's the first day, and maybe mid 5s.  Remember there may be quite a few just happy to get out and move on at any profit.  5 is a double for some.

Its hard calling actual targets.  I do think there will be a big spike followed by a sharp decline and then we will slowly ascend to our true value of 9 to 11.     

 

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