Re: has anyone addressed the perez/ortega connection?
in response to
by
posted on
Nov 21, 2008 06:12AM
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
There is no way I'm going to sell my shares for that kind of money because of shareholder fatigue or desperation. I'd almost rather burn the buggers than sell for that kind of money.
Do the math!!!!!!!!!
EZ...the only problem with the math as I see it is our present share price, cash burn rate\bankrupcy deadline and the sincere desire on the part of any financier (especially in a global credit meltdown) to screw us to the extent possible....Fung's friendship notwithstanding. There is no doubt that the underlying asset is very valuable. IMO....there are two things that will save our bacon here....#1: we need the permit ASAP...#2: we need the price of gold to skyrocket. This should boost our shareprice even if some large shareholder might be trying to keep the price down for their own selfish reasons behind the scenes. No...at 15 cents\share I don't think potential buyers will be negotiating by saying "WOW! look at all that gold that is easily mined". They will be saying "WOW! Look at their shareprice. They'll be out of money soon. We can REALLY screw them. They're desperate. They did all the heavy lifting and now we waltz in the eat their toasted cheese".