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Gold/Mining/Energy : Global Platinum & Gold (GPGI)

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To: Zeev Hed who wrote (6103)6/3/1998 12:39:00 PM
From: Ed Fishbaine  Read Replies (2) of 14226
 
Zeev

Your focus on TA and FA re Global is not relevant. In my opinion any news from Global of progress will not generate significant buying. It creates minimal additions by already committed holders of GPGI. I don't believe that when they announce the input-output numbers, no matter how favorable they may be, that there will be a market response. Similarly, when the checks start coming from sales of metal there will be no significant market response. This is aside from the fact that there will be naysayers about this company even when the shares do hit $50 per.

Why? Global has no credible image. There have been too many unfilled promises in the past. The company has no glossy brochure, no brokerage following or sponsorship, no really organized PR program. Jensen is not viewed as a professional manager.

There is no new blood. There is no effective advertising campaign with all the glitz and hype which brings in the buying.

What will move these shares, and IMO dramatically and suddenly, will be that a joint venture partner with public visibility and credibility joins with GPGI. For this to happen GPGI will have to show input-output numbers and show the beginning of a stream of checks. Then there will be smart players, with the big bucks not negativistic
amateur investors, who recognize value and want to get on board before some other smart player also sees this.

I have no doubt that this will happen but I don't know when. I dont think its very far off.

Regards, Ed
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