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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: Are we being taken for a ride?

Are we being taken for a ride?

posted on Jan 23, 2010 01:45PM

Like most I am in this investment until the end, but one has to wonder how much does management know about the situation in Vz. A strong negative towards KRY is that our management has recently had appointments to other companies BOD. In addition our cash situation seems do indicate that KRY maybe headed to Bankruptcy unless a new funding resource is found. Finally, the lack of personal finnacial investment that management has, other that options, puts shareholders in a very uneasy position.

However, we all know that Vz governments demise is rapidly coming and may very well come sooner than we think. The main probably is the supply of electricity to the public with increasing power disruption will come increase public frustration and action. Case in point is to look at what happened when Hugo tried roving black-outs in Caracas. This did not last very long. Hugo is certainly starting to feel pressure from some poor decisions, and will have to find foreign investment in order to survive. We may just see Hugo change his tune to international companies in order to get some much needed investment.

Right now I see this as a waiting game. How long can Hugo continue to treat the west in contempt? With pressure for foreign investment despartely needed his time to conceed some hard nose socialist policy is quickly coming to an end. We shall soon see some concession to the west in order to get some much needed investment, or his regime will be in literally darkness.

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