You just lost a little credibility with me Mr. Cara. I agree with you that Todd Bruce was pushed out/fired and I also lost some faith in KRY management with this move.

That does not mean that one should suggest/insinuate offside actions of the new management. You insinuate that perhaps the Polyus rumours came from inside. The Polyus rumours came from BN Americas and perhaps Bob Bishop who has been hinting at Polyus' poking around for months now.

You also say that the new CEO is leading people on with respect to the timing of the Environmental permit. This one takes the cake, if there is any leading on with respect to this permit timing it is that of the Venezuelan Government.

Your good friend Todd Bruce also made similar claims on numerous occasions yet you never accused him of "leading people on". As owner of a fairly respected blog I ask that you review and expalin your insinuations/accusations, we all want to know if they are well founded or coming from a new side of the fence.

the miners,and my abx,are recently underperform...not the same for oil related....

We are in a classic bear flag in US equities and the resolution is happening now and is to the downside with target 1370 on SPX. Good luck all!

I talked to a friend about the Crystallex permit situation and he had a very simple reply. The people wanting the permit do not understand how to do business. His point is that you need to pay off the proper people. This from a person who did a lot of business in Chicago in the 1950’s and 1960’s.

Pity their assets are not in Canada…

BritNick - Bill tells it like it is, if you want to be spoon fed some great expectations....Look to Wall Street to for them to lead you on with their great "recommendations" If you want to learn how it really is listen to Bill. I have silently been watching the KRY discussion since D&T resigned and quite frankly I am shocked at how members have taken this to be a positive. Annual audits are like an annuity for the audit firms...go in, do a value added audit , ask for an increase, rinse, wash , repeat, year after year. Why would D&T walk away from revenue....hmmm, unless risk reward for some reason it wouldn't be worth it...hmmm, I wonder what that could be.... I especially find the theory that D&T resigned because they are also Polyus auditors to be laughable as I am aware not no rule prohibiting this and I am an auditor. Further is you look to SEC merger guidance, D&T's role in the merger would not change. current auditor or not KRY would still need to go to D&T to get consents for incorporation of the most recently issued financial statements in the proxy pro forma financial statements (in addition to other disclosures). If anything this makes the merger process more painful because KRY will have to go back to D&T who they will not have an ongoing relationship with. Not saying KRY doesn't get the permit, all I am saying is this company is dead to me, and I used to own calls on the stock. Good luck to all.

Hope we are not done with Crystallex here... don't we trade prices, not news or rumors? Crystallex is an interesting situation to follow.

On other notes, I hope somebody follows the accumulation zone rule and picks up some DELL, since I bought 2 weeks ago. Looks like we may be at a short-term bottom?

Bill, I am hoping these are not your last comments on KRY. Please do not let one bad apple ruin your passion for helping out the rest of the people on this board. My impression is that you are trying to light the path for the rest of us, so we can navigate through all of the half truths and outright lies being spread about this company. Your perspective is invaluable and as long as you hold to your honor and your ethics - you will never 'join the circus'. My impression is this stock is constantly 'under attack' and your comments anchor reality, where there otherwise would be none. Please do not let one idiot dictate what your will and will not post.

I find the Polyus stories to be both plausible and potentially good for investors. I've watched closely as Russian energy sector investors have expanded their ownership and investments throughout the CIS region. They are serious, aggressive, and are willing to put money on the table. Given Chavez's 21st Century Socialism, it would make sense that they would prefer a Russian partner for a state-owned JV gold miner. Anyone who saw the article in Barrons this weekend about the "New 7 Sisters" will see that a lot of countries are thinking that they can go forward with resource development projects (energy, mining) with out having to rely on the old dominant private western firms. So it's plausible that it might move forward, albeit uncomfirmed and speculative. I wouldn't increase my position in KRY, but I don't find it implausible that Polyus would agree to buy out KRY's shareholders at a "reasonable" price, like the quoted $5.65. Who knows. This is at least fun to watch, and I've still made a paper profit, given my average purchase price of about $2.75.

Sorry, the "New Seven Sisters" article about the strength of the big national oil companies was in the March 11 Financial Times, not Barrons....

Aleisen, any chance you could cut and paste the "New Seven Sisters" article.

TIA

Telestar3d

Give this a try: Seven Sisters

http://www.ft.com/cms/s/471ae1b8-d001-11db-94cb-000b5df10621.html

BritNick - who are you again? I haven't seen you contributing anything of substance here before, so you haven't lost any credibility with me - you never had any to begin with.

Re: KRY
It's a spec stock, period. If you are spending a lot of time and energy on this stock you are spending too much IMO.

Disclaimer: Long KRY

"I have written my last blog on Crystallex because I am not going to join the circus." -Bill Cara

"Re: KRY
It's a spec stock, period. If you are spending a lot of time and energy on this stock you are spending too much IMO." - g034

To see these two quotes made me happier than Dow down 242. If I were Leisa I'd be easing the cork out of a nice red about now.

Mark, my point is that it sounds like too many people that read this blog have too much capital invested in a spec play and should be investing their time in a wiser manner. In other words, their asset allocation is screwed up.

Disclosure: long kry

g034, I'm not sure why you think "too many people" have too much capital invested in KRY. I have maybe 4% of my capital tied up in KRY, and frankly if I lose it, it's no major financial issue. The risk and return profile of this investment is acceptable. I also hold bonds, BRK B, cash, land and other investments that are not considered very risky. I would imagine a lot of people on this board hold a bit of KRY as a speculative play. Bill's done a good job of explaining the situation in the past, and I'm sure many of us have done our own homework on KRY and know it's not a US T bill. I don't mean this aggressively; it's just a lot of us know what we're doing with a stock like KRY.

g034-

I understood what you meant. I think everyone knows how *I* feel about all the attention K-R, uh, uh, uh, I can't say it, gets on this board.

Like you, I'd rather skin WFMI and IMO at 15% a pop than fiddle around with a spec play. But that's just how I trade also.