Welcome to the Crystallex HUB on AGORACOM

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

Free
Message: Pleasr read old post

http://agoracom.com/ir/Crystallex/forums/discussion/topics/424417-contingent-permit-aka-why-our-pps-sucks/messages/1392657#message

We can debate the share price, lack of increase and reasons for it but it won't solve anything. We have to look at this as a whole new investment. Pretend we lost everything on Kry and as compensation we were given shares of this new company.

These new shares are in a company that has close political and financial ties to VZ. They are successfully doing business there right now. This new company has given a tentative time line for moving forward. Complete the agreement with the old company by end of July dependent on the shareholder vote in August. Deliver everything needed from VZ to start the LC project by the end of Sept. or earlier.

Now if you had no history with VZ or Kry and you stumbled across this company, would you be willing to invest at .45-.50 today and have the patience to wait 3 months to see if they deliver on there promises. I certainly would but I don't have to because I was given shares in this company as compensation for owning that POS Crystallex.

I'd also be willing to wait a couple years for production if they delivered as promised in the next 3 months. I'd also be willing to wait until I see the reserve numbers based on current gold prices. I would also like to see possibly more drilling results to find out just how much gold this company has.

Some people might say they are worried about Hugo, the gold sale law, the price of gold, etc. All valid concerns if you were looking at the history of how the old company performed and kept their promises. I'm looking at it from the Chinese angle.

Will Hugo screw the Chinese? I would say NO!

Will the Chinese build and finance LC only to sell the gold to Hugo for a fraction of its worth? I would say NOT A CHANCE!

Will the price of gold decrease by the time LC is up and running? IMHO not a cat's in hells chance gold will drop below current levels for any prolonged period of time and in 2 years I would imagine it will be higher!

This is how I'm looking at this. I was just given shares into one of the biggest cash producing gold mines yet to be developed. Thank you Robert Fung and take as many options as you want.

2
Jun 23, 2010 03:16PM
3
Jun 23, 2010 03:30PM
6
Jun 23, 2010 03:37PM
2
Jun 23, 2010 03:41PM
1
Jun 23, 2010 03:49PM
3
Jun 23, 2010 03:54PM
3
Jun 23, 2010 03:55PM
5
Jun 23, 2010 04:09PM
14
Jun 23, 2010 04:41PM
8
Jun 23, 2010 04:46PM
5
Jun 23, 2010 04:50PM
6
Jun 23, 2010 05:59PM
4
Jun 23, 2010 06:07PM
4
Jun 23, 2010 07:16PM
Share
New Message
Please login to post a reply