Re: Case for an "L" Shaped Recession
in response to
by
posted on
Apr 20, 2008 07:42AM
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
BOSS...I understand what you went thru with Potash. I held Yamana, Schlumberger and Devon when I owned KRY over 1-1\2 years ago. I dropped what I knew to be the 'safe bets' and opted for the KRY (100% position) because I needed "quick money". My plan when I bought was to sell a year ago March if the permit hadn't been obtained. Well, I ignored my plan and....here I is. The problem with this stock is that you always have the feeling that the permit is "right around the corner". After all....there is no doubt that this stock...given the current contract terms and the long term prospect for gold...is very compelling. Our situation now is no different than it has ever been. Logic would tell us that the permit should happen "any day". Unemployed, unhappy miners, Sanz in region talking gold, high gold prices, NA statements, military displacing illegal miners, etc., etc. I REFUSE to miss the next big move in gold. July is IT for me with KRY...then I'm switching into Minefinders (safely nestled in Mexico with good management). This is excellent news for all who continue to hold after July...because I AM CERTAIN that as soon as I sell the permit will be granted.