"Looking ahead, any delay in receiving the permit might cause additional pressure in early January, but since KRY is one of our accumulation stocks with a long-term expected event ahead, (the financing and construction in 2005 and beginning of production at Las Cristinas in 2006) we have the luxury of being able to welcome any weakness as opportunity with KRY. As we have just witnessed, there will very likely be short-term volatility, even frighteningly harsh moves, especially during periods of concentrated selling by funds reacting to or anticipating moves in the gold market, or during periods of short-term disappointment over missed deadlines by the company for long-anticipated events, … but underneath those short-term events and that volatility is a company that has solid, seasoned management steadily moving this company into position to finance and to build one of the largest gold mines that will come on line this decade.
Long-term investors and accumulators will not be forgetting that foundation going forward, and as we have said before, the closer that Crystallex gets to the actual start of production at Las Cristinas, the more likely it becomes that they will become the target of one of the majors or intermediates which now need to replace the diminishing reserves that they are producing elsewhere. Also as I have said before, I believe that once the final permit is securely in hand, that event will start a symbolic clock ticking that will add a sense of urgency to the companies that might have their eye on the 12.8 million ounces of gold reserves at Las Cristinas, and perhaps just a little bit of “blue sky” at Las Cristinas and the other projects that Crystallex controls, some of which are now off the balance sheet.
Barring catastrophic news, in my humble opinion KRY should be accumulated opportunistically on significant dips with a long-term view in anticipation of this company’s promising future, plus the likely speculation of possible takeover news,..."
Long-term investors and accumulators will not be forgetting that foundation going forward, and as we have said before, the closer that Crystallex gets to the actual start of production at Las Cristinas, the more likely it becomes that they will become the target of one of the majors or intermediates which now need to replace the diminishing reserves that they are producing elsewhere. Also as I have said before, I believe that once the final permit is securely in hand, that event will start a symbolic clock ticking that will add a sense of urgency to the companies that might have their eye on the 12.8 million ounces of gold reserves at Las Cristinas, and perhaps just a little bit of “blue sky” at Las Cristinas and the other projects that Crystallex controls, some of which are now off the balance sheet.
Barring catastrophic news, in my humble opinion KRY should be accumulated opportunistically on significant dips with a long-term view in anticipation of this company’s promising future, plus the likely speculation of possible takeover news,..."
