Golden Eagle Int. (MYNG) Message Board

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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: Jim Bishop who wrote (8696)	7/8/1998 1:18:00 PM
From: Henry Volquardsen	Read Replies (4) of 34075

The staff making the recommendation is a formality, you can pretty much count on it happening. Also I hope you don't get filled on your order at .03. I am not wishing for anyone to lose money on MINE. But everyone needs to really think about what is contained in the 8k. The company is broke. The calculations done by Guido were incorrect hence the reduction in 'proven' reserves. Such an error brings the entire report into question. It will be very difficult to find any engineering firm that will audit the results without having monitored Guido's testing as it was happening. You can't do an audit after the fact, it needs to be observed. So retesting is a given and will be expensive. In the very best circumstances MINE will need to do significant fund raising which will result in significant dilution. Be careful and good luck.

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