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Gold/Mining/Energy : Golden Eagle Int. (MYNG)
MYNG 0.0700+5.7%Feb 21 4:00 PM EST

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To: Mr Metals who wrote (1517)3/28/1998 12:22:00 AM
From: Michel Grenier  Read Replies (1) of 34075
 
Hi, Mr. Metals. I have not sold a single share yet but, as I said, it looks bizarre than two weeks ago, a delay was not expected. The weather has been bad for a while over there, so why not admit then that geological work was unlikely to be ready in time? I am not blaming them for the delay, but I am blaming them for not releasing info on a delay. Why wait until the end of March to tell us that things have had to be postponed?
Like you, I am in this for the long haul, expecting modest reserves estimates at first, production that increases only as fast as cash flow allows. I do not want wonderful fairy tales, but I want accurate information.
I am not buying more for the time being, but I still have enough confidence in management to stay in for the time being.
Hope future information releases will prove that my trust is not misplaced.
Good luck!
Michel
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