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Gold/Mining/Energy : Micro-Fine Gold Plays - Franklin Lake, etc.
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To: J.E.Currie who wrote (429)2/9/1997 6:33:00 PM
From: Zeev Hed   of 615
 
J.E. CKS is still on my "do not touch yet" list, but I am monitoring it. I expected the run to 3 to be false and it was. Now they have put their foot in their mouth once more (in essence similar to IPMCF error in the midle of last year with the 450 tons that did not pan out). This could actually create the buying opportunity that I waited for (just as IPMCF error provided a buying opportunity in the low 2's).

While the desert sands group may see some oomph next week in view of the visitation, I cannot but wonder why are we always having delays on promised achievements. CHIP was supposed to be running by the end of last year, then January, then when? IPMCF have been promising the DB report for how long? and GPGI should stop fooling around, if they can extract 20% and these 20% are few ounces of goodies per tons, why not go ahead with the 100 ton per day facility they are supposed to have and start creating some cash flow? They should stock pile the processed tailing until they find a way to extract the balance of the goodies.

In my view you either spend your meager resources to prove the wealth you have (and its extractability) as IPMCF isd apparently attempting to do, so you canb raise money based on such wealth, or you pull yourself by your bootstraps and start generate cash flow like GPGI does. The resy seems to be talking more than doing.

Zeev
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