Question:
Just recently the Venezuelan government affirmed the good standing of Crystallex, and the approval of the pending permit. However, the permit is not actually in the hands of Crystallex whether it's been signed or not. Gold prices and the commodity bull market have resumed according to most experts. And, as inflation and/or geopolitical risk rises gold prices will only go higher as the $ sinks. So, when will the permit manifest, why, and any other commentary on the prudence of investing in KRY.
Answer:
This is Hugo you're dealing with here and I think there was a monster Hurricane named that too...probably aptly so! Their own website doesn't have a post since June 14 regarding the permit:
http://www.crystallex.com/news/pressrele...
Motley Fool's posting members have some interesting takes on it:
http://caps.fool.com/ticker.aspx?ticker=... and it's a risky investment in my estimation but I'm pretty conservative with my money. Go into it thinking it may never go anywhere and not pay a dividend and that you could lose all of your investment. Then, take the risk if that's acceptable.
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