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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: Re: What are we to make of all the rumors?
Regarding Goldcorp...it's already been stated by Bill Cara (I can provide old link if anyone wants it) that he suspects they were the 10% "mystery KRY shareholder" going back a couple of years as evidenced by the coincidence between the quantity of capital expense shown on a quarterly report and an equity chunk of corresponding dollar worth purchased in KRY shortly thereafter. Last month....Goldcorp received about 1.5 billion dollars from the sale of their peice of Silver Wheaton. One could connect the dots and state that this money could be spent investing in KRY....however...that is pure speculation. Further....Goldcorp indicated publicly that those funds would be spent developing several mines in Mexico and Canada....KRY was not mentioned. In addition, in a recent article...the Goldcorp CEO publicly stated that Venezuela is one of the countries they definately would not invest in.

Feb 23, 2008 05:45AM
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