Global Platinum & Gold (GPGI) Message Board

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

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To: Hans Smedema who wrote (6677)	7/14/1998 9:12:00 AM
From: Randall E. Brubaker	Read Replies (2) of 14226

Hans: Are you sure that what USPS got was conventional debt financing? I can't believe a lender would risk capital on such a venture without a substantial equity kicker. Debt financing might be somewhere in the future for GPGI but I sure don't see it soon. A delay in cash flow of only a few months, which could still happen, could put everything the shareholders are waiting for at risk. At this point I'd rather they sell another million shares than borrow $1 million, assuming they need it. And if demonstrated cash flow for the current size operation gets the share price up to 5 or 10 in the next year, they can sell shares with much less dilution and it will have been well worth the wait. Randall

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