Re: yahoo message board..hondo
in response to
by
posted on
Nov 25, 2008 06:30PM
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
Well I know that you mentioned your buyback plan for kry about a week ago. I thought it was a great idea, but then another poster pointed out that KRY would have to announce a buyback (which in turn probably would inflate the PPS but not to a level any of us would consider selling at) and I started thinking about all the legal mumbo-jumbo involved and all the legal stuff I do not understand. We have been at the mercy of statements made by Venezuelan officials and of the different reporting agencies. If Kry was to invest in itself and this was public knowledge, what would keep the Vennies from bankrupting KRY even faster if this is their true intent?
If the FICA system fails none of this will matter. If you believe this is happening, buying here @ or below ten cents is a deal. Because if you are right, your money will be worthless anyways. Venezuela pretty much imports everything and it will cost something. Chavez is not going to get much help in trade from the rest of South America or what his people (consumers) want from the Russians or the Cubans. People are not interested in tanks and rifles, they want TV, Hershey bars, milk, eggs, chicken, etc. Oh! and jobs too- so they have the ability to aquire all these things.
Obama could nip this whole thing right in the bud by making amends directly to Cuba. All the crappicola that happened there was almost 50 years ago. I think Cuba would leave it's hardline socialist stance and enter into a relationship with the west. Today Obama announced cabinet positions that are way further right and balanced than I hoped and maybe things will work out with the economy even though it won't be pretty.
So to wrap it all up, if I can cut my average in half for let's say 5K with money that may become worthless anyway, it makes this investment less risky because there is no downside. Just think outside the box, what would the meaning of 5K more of debt if nobody including myself has the ability to repay?
Just what is our stock worth (physical)- the equipment and 50 million divided by outstanding shares anyways, twenty cents? Well heck, there's upside right there.