Like Mr. Booyah said on his show today. Either A) This is just some random journalist reporting crap, and this is an opportune time for entry into this stock. or B) The rumors are true and this stock is done, stick a fork in it.
vheadline.com (which seems a bit overly nationalistic) actually posted an article on Friday, which states subtly that eventually, KRY would be taken out of the picture.
With the choice delays in approvals perfectly coaxing this company into staying in Venezuela and setting it up to be applicable to the new legislation being proposed (existing mining operations would be untouched by the 50% semi-nationalization measures being proposed). I'd say that if this stock rebounds w/approval and goes anywhere near the 6-8 dollar projections, that its time to get the heck out of this stock.
The press release, I don't really know how to interpret though. It states that a certain amount of gross proceeds would be earned, but any positive or negative effect this may have is completely eclipsed by the supposed news today on bloomberg.com
The same somewhat controversial website vheadline seems to think that Peter Wilson, the particular bloomberg reporter has a penchant for reporting news in his own color.
http://www.vheadline.com/readnews.asp?id=23768
Who knows? Theres a lot to take in on this. If I read right, looks like 15 days to confirm whether that proposal for legislation is true or not.
vheadline.com (which seems a bit overly nationalistic) actually posted an article on Friday, which states subtly that eventually, KRY would be taken out of the picture.
With the choice delays in approvals perfectly coaxing this company into staying in Venezuela and setting it up to be applicable to the new legislation being proposed (existing mining operations would be untouched by the 50% semi-nationalization measures being proposed). I'd say that if this stock rebounds w/approval and goes anywhere near the 6-8 dollar projections, that its time to get the heck out of this stock.
The press release, I don't really know how to interpret though. It states that a certain amount of gross proceeds would be earned, but any positive or negative effect this may have is completely eclipsed by the supposed news today on bloomberg.com
The same somewhat controversial website vheadline seems to think that Peter Wilson, the particular bloomberg reporter has a penchant for reporting news in his own color.
http://www.vheadline.com/readnews.asp?id=23768
Who knows? Theres a lot to take in on this. If I read right, looks like 15 days to confirm whether that proposal for legislation is true or not.
