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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: GRZ value vs PPS

I like others here have watched GRZ go from $.95 in early Sept/10 to $1.50 present. IT got me wondering. Looking at their latest financials - 6/30/2010 they reflect Cash & Equiv of $71.5(all in millions) and losses for 6 mo. ending 6/30 of $9.7 + $4.84 (7/10 - 9/10) or $67.7 as of 10/1/2010. Cash/sh = $1.16. They also have the prospects of losing $1.6/month in the future. So why has GRZ'z pps gone up 50% in a month - considerably higher than their cash/share and losing $$$ daily? The only answer, in GRZ's present position, is that there is a buyout or JV in the making. Now who would have that interest, financial capability and blessing of Hugo? Yup - It seems our delay is part of a larger takeover plan being executed by CHINA and the run up in GRZ'z pps is those at GRZ & others in the know getting in early. There is no other explanation for GRZ's recent move.


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