3SOF

NEWS!!! > MIBAM Approves the Las Cristinas Gold Project

http://biz.yahoo.com/bw/060326/20060326005024.html?.v=1


+ 20% pre-market!!! 

Quote from: Se7en on March 27, 2006, 08:04:21 AM
NEWS!!! > MIBAM Approves the Las Cristinas Gold Project

up 20% pre-market!!! 

This means that the mining has been approved, but remember it doesn't mean KRY has got their permits yet. KRY management seem to be indicating a green light but they still do not have permits. I believe that should be kept in mind.

Good Luck

uc.

yep, permits approval would have been better but this news is also welcome when i look at the pps now!
I'm not planning to hold through earnings, do you own some KRY too?

Currently out but have been in and out a few times and have been following for some time.

Congrats on staying with it.

uc.

Thx, i'm lucky, if the nwes was a week later, i would also be out!:)

It's having some trouble  to pass 4$, hopefully there's some strenght left for today!

ROB-TV link regarding the LC project.http://www.robtv.com/ Scroll down to 3:15 PM(Monday, March 27, 2006) and enjoy. MARN still has to approve the EIA, KRY is NOW a STRONG BUY instead of the speculative BUY it was until now.

Also mentioning KRY is a potential takeover candidate!

KRY opportunity always knocks.......
We will see what tomorrow brings......
Support @ $3.67...3.08...2.91
Long term resistance @ $4.25...4.68

Volume: 10,645,900
Avg Volume (3month): 1,956,530

Technicals
Record Price High........
Most Actives
Record Price Break Out.........
Gap Up
Percentage Gainer

Last Price Quote is:
25.53%above 13-day EMA
35.60%above 50-day EMA
RS Rating: 98 

Fundamentals
Earnings Expected on Mar 31<<<<<<<< 

Key Data:
Market Cap (M): $660.93 
P/E Ratio: NA 
PEG Ratio: N/A 
Next Earnings: 03/31/2006
Last Analyst Rating: N/A

Crystallex's value as target seen on rise
WENDY STUECK

Globe and Mail Update

Trumpeting a key government approval for its much-delayed Las Cristinas project, Crystallex International Corp. says it is one step closer to turning the Venezuelan deposit into a mine — a development that could make the company a more appealing takeover target in a consolidating gold sector.

"There's no question it has just moved up the radar screen of anybody in the mining industry who would be in a position of looking at [the company]," analyst Catherine Gignac at Wellington West Capital Markets Inc. in Toronto said Monday.

She said Las Cristinas could appeal to resource-hungry majors for a number of reasons, including a short time period to possible startup and relatively low capital and operating costs. But given the project's history of multiple delays and delicate negotiations with the Venezuelan government, potential purchasers are likely to move carefully, she added, perhaps making quiet overtures to Crystallex and holding off on any formal negotiations until the company has its long-sought permit in hand.

Toronto-based Crystallex on Sunday said that Venezuela's Ministry of Basic Industry and Mining had formally approved a feasibility study for Las Cristinas. That approval is the final item required before Venezuela's Environment Ministry would issue a permit, Crystallex said, adding that it expects to receive that permit "in the near term."

Investors appeared to welcome the news, Monday driving Crystallex shares up 77 cents or 21 per cent to close at $4.43 on the Toronto Stock Exchange.

Crystallex has been involved with the deposit, one of the biggest in Venezuela, since 1996. But the project has been dogged by legal wrangling and concerns about political risk.

Those concerns boiled over last fall, when Venezuelan President Hugo Chavez said he planned to overhaul the mining sector, raising fears that some resource projects would be nationalized. The share value of companies with assets in Venezuela, including Crystallex, sank.

Crystallex insisted those concerns were overblown, maintaining that Venezuelan reforms were aimed at companies that were not satisfactorily developing their projects, not those such as Crystallex that were spending money and working with authorities to develop the deposits.

That position got a boost in November, when South African gold giant Gold Fields Ltd. made a takeover bid worth nearly $350-million for Toronto-based Bolivar Gold Corp., whose main asset was its Choco 10 property in Venezuela.

Crystallex spokesman Richard Marshall Monday said Crystallex is "very confident" it will receive its mining permit. "It's a matter of when, not if, and we believe it will be sooner rather than later."

North American producers that have publicly expressed interest in the Venezuelan project include Goldcorp Inc. and Glamis Gold Ltd., Ms. Gignac said.

Another nice day.

Volume: 3,712,600
Avg Vol (3m): 2,203,170

Technicals
Most Actives
Percentage Gainer

Last Price Quote is:
23.74%above 13-day EMA
44.85%above 50-day EMA
RS Rating: 98 

Fundamentals
Key Data:
Market Cap (M): $660.93 
P/E Ratio: NA 
PEG Ratio: N/A 
Next Earnings: 05/11/2006
Last Analyst Rating: N/A


Crystallex Reports 2005 Year End Results
Business Wire (Fri, Mar 31) 
Link......  http://biz.yahoo.com/bw/060331/20060331005640.html?.v=1

damn! i knew i should have held on to those shares!!

Up big time in the after hours.......
CRYSTALLEX INTL CP (AMEX:KRY) Delayed quote data 
After Hours (RT-ECN): 5.25  0.83 (+18.78%) 

Volume: 5,533,800
Avg Vol (3m): 2,277,000

Technicals
Record Price High
Most Actives

Last Price Quote is:
18.83%above 13-day EMA
42.93%above 50-day EMA
RS Rating: 98 

Fundamentals
Key Data:
Market Cap (M): $660.93 
P/E Ratio: NA 
PEG Ratio: N/A 
Next Earnings: 05/11/2006
Last Analyst Rating: N/A

F#kin Cramer pumped it on his program tonight - hence the afterhours pop. Bummer it's been on my watchlist for a week. At first I was watching for a possible partial gap fill and when that didn't happen I was waiting this week for a small retrace and touch of the 9 ema. So much for that plan

She is a cookin! Up 19% with volume.

uc.

unbelievable
and i dont own a share. argggggg.

see the other post on NKO.to and CUX.to

rocket8

Big Move........ Makes me so happpppy.....

Watch the huge float on this........After this kind of percentage move, and with an about 180 million share float, you know they are going to throw some blocks in as sells at the market, and this is how the little man often get their asses handed to them.
Be very careful now....

Volume: 46,879,500
Avg Vol (3m): 2,295,010

Technicals
Record Price High
Most Actives
Gap Up
Percentage Gainer

Last Price Quote is:
46.61%above 13-day EMA
78.09%above 50-day EMA
RS Rating: 98 

Fundamentals
Key Data:
Market Cap (M): $660.93 
P/E Ratio: NA 
PEG Ratio: N/A 
Next Earnings: 05/11/2006
Last Analyst Rating: N/A