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Gold/Mining/Energy : ECGOF: Anyone following this company?
ECX 1.860-1.3%Feb 3 3:59 PM EST

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To: david james who wrote (132)2/19/1997 8:13:00 PM
From: Frederick Menslage   of 269
 
David,

I would say there was an interested audience on hand. The room was quite full of dark suited men. It was not over-flowing just a few empty chairs out of 50 to 60 people. McGinnus was very convincing. He used the words I "believe" we will do $1.20 in year end November 1997.

And yes he is being friendly with the fund managers in a Breakout session later in the afternoon. After he spoke I wanted to ask him want's up with the CFO, but he was in a long conversation with James Faligan (?) the Los Angeles Times Business reporter so I passed on the opportunity.

As far as the 2% of the market of $126 Billion, I think thats the Big Picture. He did mention the words Giants of the Industry and ECGOF won't get there overnight and may not be a giant of the industry, but it's goal is to achieve the 2% market share.

The way he speaks and carries himself and the high regard the has for the team he has assemble I think he really believes ECGOF is going to earn 1 billion in sales in 2000. He calls it the 2 in 1. One billion in the year 2000.

I bet he does!

FM
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