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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: JS who wrote (19632)6/22/1999 12:25:00 PM
From: Cytotekk  Read Replies (1) of 34075
 
JS - I will but I have very limited time.

I did take some notes though.

Really, you should listen to the call.

Nutshell plan: 1. Settle all SEC problems, gets back on BB. MM application is still alive.
Other exchanges are an option after SEC trouble are behind them.
( one month)

2. Dilution, up to 25% so that GE can finish negotiations to reduce coop royalties, by compensating Coops with shares, AND Raise $4,000,000 to get Atwood's manufacturing plant going.
(6 months or less)

3. Atwood produces at a profit while GE proves up it's reserves...(6 months or more) Beach then Chaco, etc, etc.

Terry thinks gold will go no lower than $225 POG even with countries dumping their reserves on the market. Can produce at a profit with Atwood's plan even there.

Currrently 110,952,000 shares....25% dilution will put GE at 138,690,000 OS.

Hope this helps...if I did not hear something properly I am sure someone will correct me.

Colleen in Orlando.

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