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: gregor who wrote (8802)	7/8/1998 5:09:00 PM
From: Tom Frederick	Read Replies (1) of 34075

Gregor, you are making a fatal mistake in trading stocks. You are confusing loyalty towards your "dying lady" with smart money management. Read the 8K report. Read what the SEC had to say about the reporting from GE. My interpretation is that the SEC is not necessarily doubting the existence of gold at the property, they just have serious questions about how they came to the specific conclusions on the estimated size of the deposit and the methodologies of testing and ensuring independent verifiable results. The SEC is unlikely to have a hidden agenda. After all, a huge gold find would help the whole industry right now. What is of the most concern to me is the restriction by the SEC for GE to distribute any test data until AFTER independent audits are complete. This puts serious questions as to what those results might be. It seems a little bit of a stretch that many on this thread seem to "know" MORE about the results of Guidos testing than the SEC does since only the SEC actually saw the report AND had the chance to ask management to explain the conclusions. For those who are "sure" GE will prevail, just ask yourselves this question. Am I sure because I really, really want to make alot of money on MINE?...or...Am I sure because all the factual information and unfolding events continuing to support the existance of a huge deposit? Anyone can choose to invest anywhere they like. Just keep as objective as you can and come to your own conclusions. If you now conclude that the SEC issue will just blow over, fine. Good luck. If you conclude that the SEC issue will be an anchor on the company until all testing can be confirmed and GE given a clean bill of health, then you have to decide your next move. And you may choose to just hold and wait. Whatever your choice I wish you luck. Tom

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