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Gold/Mining/Energy : Global Platinum & Gold (GPGI)
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To: Jeff Williams who wrote (11139)8/5/1999 8:17:00 PM
From: Richard Mazzarella  Read Replies (1) of 14226
 
Jeff, <<felt much better had the figures>> That's been the main problem, we can't get definition for any of the figures. You're a technical guy, technical people would be fired for reporting the hype that is typical from Global. They very well know better and a walk through the history of Global over the last couple of years has evidence of pump and dump of the worst kind. I suspect that they rationalize that survival is more important than honesty, maybe they feel they if they survive they can afford to be honest later. The method of reporting is inconsistent with industry standards with the sole purpose to encourage investment and then sell into that investment as cash is required. Shares for catalyst that aren't deserved is typical of the integrity of this management.

I fundamentally believe that Global has a large deposit of precious metals at its property. However, I suspect that the average grade is somewhat less 0.2 OPT head ore with a very difficult mineralization. It is very likely that Global may even find a pluton or two that has very high metal concentrations and may focus on those to hype the stock. The "ore pile" is an example of such a concentration. If it weren't for the misleading reporting nonsense from Global and the current management I would probably still have a position in this company. I hope you can at least recover a good portion of your investment.
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