SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : Golden Eagle Int. (MYNG)
MYNG 0.0700+5.7%Feb 21 4:00 PM EST
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: ge-believer who wrote (28035)9/26/2002 2:06:57 PM
From: american dreamer  Read Replies (2) of 34075
 
Only reference to Guido's report is this mention in the company's 10K.

"Notwithstanding the foregoing, we did settle a civil action that the Securities and Exchange Commission brought in May 1998 against Golden Eagle and certain of our former officers and directors and others (SEC vs. Golden Eagle International, Inc., et al, No. 98-Z-1020 [D. Colo.]). Among the allegations made in the SEC's Complaint were that Golden Eagle and the individuals involved had issued press releases that were false and misleading in an attempt to hype the value of Golden Eagle's stock.

In November 1998, the SEC filed an Amended Complaint in the above-referenced action alleging that Golden Eagle and our President had an inadequate basis for making a May 22, 1998, press release regarding the Paravicini geological report regarding the Cangalli gold deposit."

So, there are no geological reports clearly defining proven or probable reserves. Lot of suggestions and references but no hard data that can be converted into clear and reportable reserves. I find this problematical.. don't you?

Of course, on the way to looking for reserve figures, I did find that this company has a history of SEC problems and past pump and dump operations. That is not good. Doesn't that further erode your confidence in this company and the stock?
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News