The story has battles, intrigue, heartbreak, amazing highs, and crushing lows. The standfast longs, some of them weathering almost 10 years of conflict of evil shorts and manipulation. There is even a classic article dated around Sept. 2005, written by an analyst who thought short manipulation was a myth, until he watched the attack on KRY. I am sure you read the article, if not I can find it for you.
Las Cristinas itself is a mystery. It is proven to be one of the largest gold deposits in recent discovery. The site itself has been in legal contention for over a half century at least.
This stock is about taking sides. You love it or hate it, sometimes both for longs, but they never abandon it. This stock, KRY, represents a political divide. Those that still buy into the old cold war era, and those that hope and believe that there can be a balance of capitalism with social responsibility.
Those that hear Chavez words, and those that watch Chavez actions. KRY is a coin flipped in the air. There are only two sides. Win and lose.
Some investors have been lucky enough, and brave enough to sell the wins and buy the losses, over and over as the coin has flipped. Yes, it was one heck of a toss. They love this stock. It has almost become predictable.
Almost. Sometimes the lows can quickly reverse, thus many choose to grit it out and hang on, and the permit is always around the corner. (Love/hate) "How bad can it get, we're sittin' on a goldmine!" Still, others choose to ignore the potential. They see it as a company in a budding Socialist State. They see Cuba number 2. They scream about arbitration.
From the MBs, this stock is about who is right and who is wrong. It has become a competition of whose DD is better. KRY has become an obsession to be right, and it has also showed light sides and dark sides that support each sides argument.
It has won and lost the support of several analysts and TV personalities, such as Jim Cramer, and at the same time, analysts/blogger Bill Cara has turned from a KRY hater to supporter in the same time frame.
I hope this helps. It is not a succinct list of why people obsess on KRY. It is my opinion and my observation. I believe those that have been able to keep emotional distance have traded this stock successfully. Those that hate this stock, and do not believe, have shorted it at 3.50 or higher and have yet to cover, because they are sure this will go to zero.
Either Chavez will steal the mine or the hammer will fall in May, during arbitration (I know, but you asked about the small investor). Those that believe Crystallex will get the 'Final Permit,' continue to accumulate, and lower their cost average, though I have spoken to some long longs whose average is in the 1.90 range and have held, because Las Cristinas has the potential to be one of the top gold producing mines in the world.
– Crystallex Investor Derek Metzer
KRY 1-yr chart: