Welcome to the Crystallex HUB on AGORACOM

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: Can anyone help me out here?
1
Oct 08, 2008 06:40AM
1
Oct 08, 2008 07:13AM

So, here we are under .50 and nothing to report. No PR from Crystallex, no news from Sanz or Chavez, as we continue to tread lower. My thing in all of this is yes this is a very speculative stock and everyone is waiting for the permit. Here is what I don't understand, we all know that Venezuela already owns the mine and we are merely the mining company working to take out the gold. If worse case scenario Chavez kicks us out like the steel company Sidor, Chavez has been known to give fair market for their operations. Wouldn't fair market value with gold over $900 be at least $1.50 or $2.00? I don't get why we continue to tread lower. I understand that hedge funds and individuals are panicking and pulling out money at the worst possible situation but doesn't this scream an incredible buying opportunity? Everyone on this board says so but we continue to tread lower.

Good luck to everyone but had I just had to vent.

BullRun23

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