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Crystallex Flounders as Circumstances Worsen
I have followed and owned KRY for years. I find it amazing the amount of investor interest with the shares. If you can't stand the risk here, don't invest.
One thing I think Bane fails to mention is the 9.9% ownership of the shares by GG, don't you think they did some due diligence before investing last year?
Also, what about the fact that KRY carries the right to occupy the land, signed by Chavez's gov't, not the previous admin, has a permit to mine aggregate signed by the gov't, has a legal binding contract to OPERATE the mine. KRY does not own anything but an operating contract. One reason why it's hard to value the company compared to other juniors that actually own a deposit. IF their operating contract is pulled, and or they are forced to renegotiate the operating contract they have recourse in the courts due to CA and VZ treaties.
This deposit is over 20 million ounces and has taken 30 years from initial discover to get to this point. What's another couple of months?
Oct 7 08:38 PM
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