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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

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Message: Equipment & Cash

Equipment & Cash

posted on Nov 19, 2008 08:04AM

Correct me if my numbers are incorrect, the equip in Houston has a cost basis of approx $100mm and in this demand environment would comand a premium on sale - 30%, 50%? Even at cost basis that = $.33/sh and cash =approx $.20/sh. John Ing stated the contract has value. My point is that at a minimum Kry is trading at 25% or less to its liquidation value. This 6+million sh dump was most likely forced on a margin call. I bot 10m shares for just over $1,300. Everything is relative, but at this level it's like using monopoly $. Pam you're right - "We're going HIGHER".

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