Over the last few months, I have wondered about the depressed share price. For sure some/alot has to do with the spin put on by Rusoro, the wishy-washy statements by various officials and Chavez.

I think tho', that one of the main things is the history behid KRY for several years.

Think about how many times we/the management, and for that matter, the press, have thought we were close to permit. During all that, KRY was putting out PR's about new drilling results, higher reserves etc.. And then the Cramer factor.

Many many people had bought during these 'high' times, only to be burned a little later. The press had gotten very pessimistic, institutions and the brokers too.

So many ups and downs, so many short attacks, so much money lost.

The public and the institutions are very wary, to say the least. Put on top of that, all the confusing PR's and reviews and interviews. And then of course there's the unheard of economic crisis.

Does this give the average investor much confidence? It's very much like the 'pot of gold' at the end of the rainbow. You swear that the rainbow is just behind the next hill, and the pot of gold will be yours. But it just always eludes you.

That, IMHO, is the main reason why we are where we are, and will be until there is MUCH more certainty. Nobody except us REALLY believes.

Pender