Crystallex International

Welcome to the Crystallex HUB on AGORACOM "Crystallex International Corporation is a Canadian-based gold producer with operations and exploration properties in Venezuela."

over 12 years ago

in response to winterka's message

I have 6 figure losses as well but have sold very little and won't sell anymore until we get an award or settlement. I've been in since 1995 but have averaged down with my trades and buying to under a buck.

I still think we will all see a $1.00 or more and have a low figure of around .60. I personally don't see the point of selling. The losses I have will be slighly greater if we were to fail and go bankrupt from this range of .12 to .16.

IMHO the downside is known right now but the upside isn't. Take .12 times how many shares you have and that is what you are risking by selling. Take the same amount of shares and times it by what ever price you think can be achived and that is your upside.

Forget what you paid and think of it as investing at .12.

Got to go but may add to this later.