The time has come for KRY and GRZ
December 23, 2007
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RELATED TICKERS: KRY.DL
, GRZ
This weekend Venezuelan President Hugo Chavez met with Fidel Castro to discuss jointly developing mining projects.
The accords will increase oil refining capacity and petrochemical output in Cuba, according to a statement today from Venezuela's information ministry. Chavez and Castro also agreed to jointly develop mining deposits containing gold, zinc, copper, lime and chromium.
In order to do that Chavez is going to have to get the ball rolling on the Las Brisas and Las Christinas projects, which are owned by GRZ and KRY respectively.
Last Friday both GRZ and KRY jumped about 14% each in pps. These stocks, that have been hammered by uncertainty lately (KRY in particular which was trading at around $5 a share dipped below $2 on permit uncertainty) is now poised for a huge run up. While neither of these stocks are 5 star rated (expect them to climb), in my own research, some of the top fools, including the top fool recommend KRY.
So even if you can't get in before some sort of official permit annoucement, there is some huge growth potential here. KRY especially is rediculously cheap at Friday's close of $2.20.
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