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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: Re: hondo, again with grz...
2
Apr 17, 2009 11:12AM

they're getting hit hard again..you may have been onto something..with the cash they have, the concession and the court verdicts you would think grz would be at least holding it's own...still not a lot of volume but somebody wants out in a bad way...

Yea, I'm depressed for those guys. We have come along ways from the old days when there were constant arguments between posters touting KRY and those touting GRZ as the best mining company to invest in. I think our fate is somewhat connected by the same melarky caused by the incompitant Venezuelan Government.

Belanger really has continuously uplifted my hopes with his hardline stance, by sticking it to RML and the Vennies as our company sat and made no comment.

(I am not complaining about the way our company has acted, I just like gung-ho! gun's a blazin')

Today I saw what was happening over there and I thought WHAT! Other than a large position wanting out (like you say) what could be happening?

1. Someone (insiders) bought a lot of GRZ on the cheap before the RML story started, thinking the RML takeover would succeed and could not dump all of it earlier. The GRZ price was super depressed (25 cents) in mid Dec 2008 (so was our SP) before the RML thing started, very convienient- but still a four bagger if you got out 4 weeks later- before the takeover croaked. It's still over 2x up now from the December lows.

2. We used to talk a lot about KRY vs. GRZ valuations. Grz has been trading at 2x or 3x to KRY shareprice for a while. GRZ has much less volume and outstanding shares. Therefore if someone wanted to depress our price it might be easier to do that by dumping GRZ stock, they could do that longer with less shares that effect the GRZ price more greatly than if they tried to dump over at KRY. So wag the dog- yet, still a possibility.

3. Big positions pulling out because the market turnaround has created short term investing opportunity elsewhere, and are we probably just dead money along with GRZ up until the middle / end of May?



Hondo.

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