I've read a few news releases from MINE. I like this one.
Company Press Release
Golden Eagle International Reports Positive
Meetings with New Government Officials in
Bolivia
DENVER--(BUSINESS WIRE)--Nov. 3, 1997--
Successful Meetings Position Golden Eagle as Mining Leader
in Bolivia
Golden Eagle International, Inc. (NASDBB: MINE) announced today its
Board of Directors and Technical Advisory Board have completed a
series of high-level meetings with members of Bolivia's new
administration that took office on August 6, 1997.
Golden Eagle, with mining rights on 2,004 hectares (4,810 acres) of
mining concessions in Cangalli, Bolivia, discussed its gold mining
operations in Bolivia and provided consultation with respect to mining
and the taxation of foreign corporations with subsidiary operations in
Bolivia.
''We personally met with most of Bolivia's mining-related cabinet level
ministers and vice ministers, and we're extremely encouraged by
Bolivia's new resolve to improve the business climate for foreign mining
operations,'' Terry Turner, president and CEO of Golden Eagle, says.
''Perhaps the most important meeting was a 3-hour session with the
Congressional Committee on Mining. I have already received a number
of calls from several congressmen offering assistance and asking Golden
Eagle's opinion on significant legislation related to mining and taxation
issues. Our Board and Technical Advisors made a very positive
impression and the exchange of ideas during our meetings was
extremely dynamic.''
Golden Eagle was represented during the meetings by Board members
Terry Turner and Mary Erickson, and by Advisory Board members Max
S. Staheli, Donald M. Hausen, Ph.D., and Ronald L. Atwood, Ph.D. The
discussions included meetings with Bolivia's Minister of Mining, the
Honorable Adan Zamora, Minister of Agriculture, the Honorable Luis
Freddy Conde, Speaker of the House of Representatives, the Honorable
Hormando Vaca Diez, the Congressional Committee on Mining
(including the Honorable Juan Luis Choque, the Honorable Carlos
Aranibar and the Honorable Alejandro Coutella), and the Honorable
Walter Guiteras, the President of Bolivia's Senate. ''Bolivia enacted its
new Mining Code on March 17, 1997, and that legislation took effect on
May 17, 1997, making Bolivia's mining law much more secure for
foreign investment,'' Golden Eagle's Turner says. ''Bolivia's new
administration is now working to refine that Code and was interested in
Golden Eagle's input on the subject. We are very honored to participate
and contribute to the future of mining in Bolivia.''
Mr. Vaca Diez told Golden Eagle's executives they were among the
pioneers of foreign companies investing in Bolivia's new mining wave.
''We know how to treat our pioneers,'' he said. President Guiteras, who
requested a copy of a recently-published book by Donald Hausen on the
subject of gold heap leaching, stated, ''Golden Eagle's confidence in
Bolivia has not gone unnoticed, nor unappreciated. Bolivia's Senate will
do everything in our power to foster and protect further investment by
Golden Eagle and her sister foreign mining companies.''
Golden Eagle International, Inc. is a Denver-based gold mining and
exploration company. The Company is currently focusing its efforts on
developing its mining rights in Cangalli, Bolivia. For investor relations
information please call Sabrina Martinez at 303/694-6101. Media
inquiries should be directed to Richard Pinto at 212/688-8599, or Guy
Murrel at 303/581-7760. Golden Eagle can also be found at its new
website: www.goldeneagle-mine.com .
Contact:
Investor Relations Information:
Sabrina Martinez, 303/694-6101
or
Media Inquiries:
Richard Pinto, 212/688-8599
Guy Murrel, 303/581-7760
I will call Sabrina or Richard to find out exactly what's going on here. And why the stock is trading at 1/16th if they have that much gold. Even if they had 1 million oz's the stock shouldn't be trading here.
Mr Metals |
