Pen,

I'm going to try to do this while no_bear is sleeping so that he doesn't get all grumpy that somebody is trying to shed some positives behind his back.. so hope your still awake when I post this because it will be gone in the morning.

Just for some thoughts on this.. This deal was being struck in 2008-2009 timeframe between CRRC and an Australian mining company. My first thought is that since it has been long known that the iron-ore pricing structure was going to be shifted from a yearly contract to a quarterly one when it came to export to China. This year Vale, Rio Tinto, BHP Billiton changed a 50+ yr. old pricing structure enfuriating the Chinese to the point of boycotting the big 3 iron-ore producers... two of which, you guessed it, BHP and Rio are from Australia.. China's largest supplier.

Here is a good article on the subject:

http://news.bbc.co.uk/2/hi/business/8610752.stm

I surmise that this deal that MOM mentions also fell through in an attempt for China to diversify away from a trade partner that was going to gouge them ruthlesslessly on a necessary commodity that they absolutely need for their economy.

Here is another article about how China has been looking for alternative sources of iron-ore abroad since that time frame.

http://www.chinastakes.com/2010/1/chinese-tycoon-emerges-to-grab-chilean-iron-ore-mine.html

Hope you get this soon.. and I tried ;)

wouldn't it be so much easier to just dump your shares if management screws u around again. I mean, I know how much you have come to like it. Keep comin back for more and more and more and more.... Only thing you have left at this point is your inn u end DOHs

touche

With all due respect this board today has the same tone it has for the past 5 years... lol.. If I'm a kid I'm glad I'm one because then that means I haven't been investing in KRY that long. GLTU Don.

Oh and just for the record I did drop 20K on KRY back in 03' but I pulled out.. so I guess I'm not really a virgin.

I am still in.. we will see.. not selling for awhile.. although I am a little jittery after several cups of coffee.. not othe sheten pants stage yet. To much support here. I think worst case is they postpone things a few weeks. Although with the 4B yesterday and agreements signed VZ/China and VZ/Cuba... I don't know how the punctuality of the Chinese will be deliberately delayed this time as a timeline has been clearly layed out and money on the table. If deal is delayed I think that it was preplanned by the guys in the know so that they can continue to accumulate.

Regardless of nerves here GLTA

The part where they just got a 40M investment through the direct offering from the "The Big Boys" in the know.. the part where it's Friday an hour before the weekend and we barely have a 1/4M shares on the AMEX.. the part where the 2nd largest economy and the worlds 2nd largest oil consumer that just extended a 20B line of credit with 4B in pocket to be put towards "mining" is backing us.. the part where the Russians haven't gotten LC yet.. the part where K88 has been cleared of the illegals.. the part where Chavez now doesn't have the IMF to deal with.. the part where we've done only 250K shares today.. did I already say that?