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Gold/Mining/Energy : Global Platinum & Gold (GPGI)
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To: Ed Fishbaine who wrote (11505)9/28/1999 5:27:00 PM
From: Anthony Zack  Read Replies (2) of 14226
 
To all,

I like the idea that Sabin is out of the picture. Jensen has always had the "got to do it myself" mentality. If we have to operate this company under this constraint, then I see this new company stepping up to the plate as a huge positive step as we move toward production.

The downside is more onion peeling, the upside is an end product that can be sold directly to end users...maybe.

If we don't pay refiner charges, we satisfy Jensen's need to "keep all we can" as we minimize production costs.

This could be just another "smoke and mirrors" snake oil stand in the desert diversion, or it could be the solution Jensen has been searching for for the last upteen years.

The buyers could be employees of the new company that have seen the test results and market makers loading up at the bottom. The sellers could be the company generating funds to pay for the trial system. The volume indicates that something has definitely changed with this company.

They were getting huge values per ton with the leach process, they were losing metal in the furnace and finishing processes. Maybe they can keep 90%+ of the metal that was in the leach with this new company's process and eliminate the costs and losses of the furnace process as well as refiner charges.

I like any solution that involves getting rid of the furnaces.

Tony

PS

If GPGI can establish a sustained positive cashflow, I invite Mr. Jensen to buy back all of the stock it has sold and eliminate all of us "pain in the a word shareholders". Of course, paying a big fat dividend would supply him with the needed capital to buy back the stock.

PPS

Somebody pinch me, I must be asleep!!!
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