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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

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jimmijazz

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posted on Jul 20, 2010 12:23PM

I've read a lot of the posts on why we are so low and I share everyones frustration. As I posted earlier, we should see increases as we hit milestones. Signing the binding agreement to reach a complete A&F Agreement should have kept us above .40 and closer to .50. Why are we below .40 right now!

I'm of the opinion that until the finalized A&F Agreement is done next week people are cynical and sick missed deadlines. I can't blame them asking why is this time different.

The other big sticking point is the gold sale law. Until there is clarification by VZ on how much CREC/CRRC will be able to sell the gold for a black cloud will follow us. Kry will get the same deal as the Chinese but what will the deal be.

Khan has indicated changes will be made but until those changes become offical the value of the gold is discounted.

Sitting here waiting for time lines to be met is like watching paint dry. I'm still long and holding but getting morf pissed everyday our price goes down.