Manny Otero

Chavez's Recent Statement Positive For Crystallex

Dear Friend,

Thanks very much for your reply, and I appreciate your analysis and more in-depth look to my statement very much. In no way would I ever take such a reply personally, and this is exactly the type of further refined analysis and debate I was hoping for.

All of the points on your post are absolutely correct, and I don't think we necessarily disagree -certainly not on the facts. For example, it is true that I am making the assumption that when President Chavez referred to Las Cristinas he was equating this with Crystallex. It is absolutely correct that this is my belief and interpretation, and there was no secondary source that I am aware of. But I guess I would ask, is this really a poor assumption? Who is the largest mining operator of Las Cristinas at the moment? Who has received the most, both local and international press related to mining of Las Cristinas? Therefore, although he did not specifically say Crystallex, when he refers to the mining industry of the Las Cristinas, I would like to suggest that Crystallex is what he is referring to.

A lot of my post however was based on interpretation; however, I believe that is what makes for smart investment. If we consider Crystallex a speculative play, which I absolutely do, then I believe that we obliged as investors or traders, both short and long, to speculate based on facts and interpretation of those facts. I do speculate that the statements made by President Chavez do support the hypothesis that VZ is working diligently with Crystallex to develop a fruitful relationship where both will be prosperous. I also believe that these discussions are now at the highest level of government, which is a very good sign. Given your much more extensive experience in the mining industry, I think you would agree that it is far easier and faster to simply reject a permit. The fact that the process has taken this long I think should also be considered a positive.

With that said, thank you again for you comments, your well wishes, and I appreciate you making me realize that I should take more time to carefully explain my thoughts, with precision and accuracy in wording being key.

Best wishes,
Manny

Chavez's Recent Statement Positive For Crystallex

Thank you for the post. I am long KRY, owning 4000 shares. I am a very small-scale personal investor, interested in learning more about equity trading, and have sold and purchased KRY over the past 6 months, starting at an entry position of $2.70. Thanks again.