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Gold/Mining/Energy : Global Platinum & Gold (GPGI)
GPGI 23.53-2.2%Feb 3 3:59 PM EST
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To: Victorio who wrote (86)7/19/1996 9:35:00 AM
From: Zeev Hed   of 14226
 
Robert: You have not heard it being achieved probably because those process refinements are not yet complete. I do not think that these will be "complete" in the near future either. I have conducted many developments in my career and it simply takes an horendous amount of time. Let say they have come up with a potential improvement in the process. Just to check if this improvement works, they have to spend at least 2 weeks to a month to try it experimentally. They should not implement every crazy idea on the process line since there are so many variables that they will never know which one directs the process in the right direction and which does not. Now if you multiply this by a number of different potential improvements, you come up with a good three to six months, or even more.

Let me ask you what would be the impact if Jensen said: "On August 1st, we shipped $100,000 worth of sludge"? (mind you, I have no idea if they can do that or even if they did, if they would announce). Jensen has made it clear that he will not use the forum of news releases to promote the stock. And I agree with his approach. You report when you have something significant to report and only when you know that you will not have to go back on your words. Apparently, their process is still too fluid to come up with an announcement on it.

As far as I am concerned, they have the metal and the mettle to extract it, and now I sit tight and let them do their thing.

Zeev
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