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Gold/Mining/Energy : Golden Eagle Int. (MYNG)
MYNG 0.0700+5.7%Feb 21 4:00 PM EST

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To: Douglas Lapp who wrote (458)10/19/1997 8:11:00 AM
From: zenin   of 34075
 
Doug, It sure would be nice to get our teeth into some drill result's even if it wasn't the complete report on the 1000 + samples taken over the last months. I can hardly imagine what long term holders must feel like with things seemily coming together now.

I found the fact that GE hadn't promoted the findings more than they did from the Jan 97 report a little strange, but then i thought about and it kinda makes a lot of sense.

With the RECENT past involving numerous 'mining scams' along with a very sensentive and to a large degree and extremely negative objective views from the majority of investor's towards such companies involved in the gold sector, and with GE promoting a potential find as large as Gudio's report notes it would probably find itself in major problems from all areas of the investment community and securities organisations worldwide.

You can notice Gudio's almost 'apologic'-- ? summary within the last page of his Jan 97' report where he states --> ..."while i understand that such numbers are staggering, i cannot change the sampling results" -->... and continues to justify the statment he made of the inferred resources within just one 1/2 of the claim area.

I believe this may be just one of many reasons why the company approached taking this low profile to the Jan 97' report; but at the end of the day, the news of the sampling result's have to come out (so maybe Doug's idea of releasing part # 1 then part # 2 # 3 ... may be part of their positive P.R. and Marketing excerise to help restore a little faith in the gold sector and in turn help GE be the focal point in any such turn around.

This of course is just my opinion and i am trying to figure out what can not really be understood totally until we have some concrete news about these finding from GE -- hopefully in the very near future.

These result's themselves, depending upon the greater the proven reserves in turn will make it harder for any m-makers to hold down this big bird -- i trust it will fly high and it will be a very interesting journey for everyone involved.

PMA and best of luck to all. Hope i made a little sense as i am really tired.

Jay (Goodnight)
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