Thursday, May 1, 2008

'Only speculation remains on the outcome for Crystallex in Venezuela

What does the future hold for Crystallex International Corp.? After a Venezuelan government official apparently denied an exploration permit, there is no way to know. Wellington West Capital Markets analyst Catherine Gignac decided the stock is impossible to value given the political uncertainty, so she withdrew her rating and price target entirely. 'Only speculation remains on the outcome for Crystallex in Venezuela,' she wrote in a note to clients.

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