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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: Short Interest & CC

Short Interest & CC

posted on Aug 19, 2008 01:26PM

Just look at short interest of both Grz & Kry. Even with reduced volume of recent month trading, Kry days to cover is under 2 days while Grz is 19 days. A number of inferences can be taken. 1. Kry is in a better position to move forward with a permit as shorts have already covered. 2. Grz is either dead in the water or Grz is in a very explosive bullish position.

Conf. Call - DB seemed to stress that a combined single mine had been extensively discussed(technically) with Mibam/CVG and that there were many benefits to a single mine, yet he said no discussions had taken place with Kry only VZ govt. This concept of a single mine may be what is holding everything up. He also talked early about selling half their equiptment as a strategy. All in all, I came away with the impression that he was trying to confuse us and playing his cards very close to the vest because there is a good deal happening behind the scenes.

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