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: Civi

This is not me buying.

The price rise is nice but the trading volume doesn't tell me someone knows something we don't.

As I wrote before I think the only thing Fung has been good at is raising money so I'm hopeful he can do it again. But still I think the odds are against KRY so I'm not buying even at these prices. My average is $1.00 per share, 300K.

Fung is currently on his road show trying to raise new cash (debt) to pay off old cash (debt) and it's possible the pitch is gaining some buzz. But I think it's more likely that the idea of Chavez dying is starting to sink into the brains of investors as well as Vennies.

KRY's future is brighter with Chavez gone and that's certainly true of Venezuela as well.

In about 2-3 weeks we should know if the money was raised and how much we retail shareholders have to give up to keep KRY alive.

I'm happy about the 19 cents but doesn't take a lot of balls to buy a 19 cent stock unless you're buying huge chunks or unless you've already sunk hundreds of thousands into the stock already, like me.

Good luck to us all.

Cividale

Share
New Message
Please login to post a reply