Re: @# Rumors! continued
posted on
Sep 30, 2008 12:16PM
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
We are due for some "snappy time" PR from whomever as our PPS is approaching a buy level. We are in a trading range (channel) between .72 and 1.40. (richiedoc) and I agree with this. Early to tell what the impact of the Sanz news is going to be, but I do not feel we will be delayed any much longer than before. Reading between the lines it looks like there was really something going forward between Sanz (Chavez) and Crystallex and it was delayed by the locals finally just now figuring out how little their cut/participation at KRY is going to be, poor peons. You can possibly judge how close we all are by the level of adverse reactions and news to the KRY mining plan going forward. This mine probably will be lucky to employ 5% of those who want jobs, and people will come from hundreds of miles to try to get a job. When Sanz gets promoted above this fray hopefully his plans for mining will roll downhill. The General put in charge of mining is there to take orders that's what the army does well. Not suprised that the locals are upset now- like usual, with this type of government they get promised alot and get nadalotta. The Venezulean government is going to take it all (minus the KRY contractual allotments) and then redistribute the wealth (which means the locals will be lucky to see any of it). So this all again points towards a Chavez pre-election announcement with some minor concessions to relax the locals. I hope it all pans out.