I know that some were addressing the cash position with Cyrstallex. Below is a portion of an email from RM, (January 7th, 2009) specific to KRY's current cash:
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As disclosed in our Q3 financial statements and news release the Company had approximately US$40 million in cash at Sept. 30, 2008 which, based on projected burn rates, would support the Company into late 2009 at which point the Company would need additional capital. The Company has demonstrated an ability to finance in adverse conditions in the past and will tackle the current financing challenges when needed.
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It will be interesting to see how successful KRY would be in todays environment of securing additional financing; I for one would not like any more dilution, but they may not have any choice and lets hope it does not come down to that. Time is not a friend to KRY. 2009 should be a year of conclusion, good or bad, for this spectulative play.
