I am not sure if GATA is a lawsuit, a cult, a lobby organiation or what ? They need a clearer focus, more facts, less rumors.
Anyway, I sent an email to 24 of the participants at the Denver Gold Group Conference, as GATA requested.
I definitely did not say what they wanted, but what I really felt;
From: Bob Johnson <rjohnson@prodigy.net>
Date sent: Wed, 20 Oct 1999 09:27:00 -0800
The last four years have been very difficult for the gold
mining industry, with concerns over low gold prices, central
bank sales, and hedging policies.
As a participant in the recent Denver Gold Group Conference,
I am sure you have received many emails from investors.
I know the GATA organization requested their supporters to
write or call many firms.
Although it is prudent to be aware of the many external
factors affecting the gold markets, I would strongly encourage
you to continue your commitment to the long-term viability of
the gold mining mining industry. A focus on internal
operations, appropriate acquisitions, cost reductions, etc..
is the best use of your resources.
Currently, there is a great deal of concern over hedging.
I feel it is a legitimate financial tool, but it is up to each
firm to decide if and how to use it. I am confident you have
many competent employees, who will use their best judgement
to make the best decisions for your firm.
Thank you for your time. Best wishes for improved gold prices,
earnings, cash flow, etc.......
Best Regards,
Bob Johnson
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