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Gold/Mining/Energy : Global Platinum & Gold (GPGI)
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To: go4it who wrote (6898)8/4/1998 8:19:00 AM
From: Bob Walsh  Read Replies (1) of 14226
 
Chuck, there could not be a positive cash flow for this calendar year for GPGI. Their first payment (which will exclude Rhodium) will not happen until the end of August at the earliest. Four months of payments at the present level of production (even if you included Rhodium) would not offset the prior eight months.

What is important is that for the first time in about 15 years they finally appear to be self sufficient and will have a positive cash flow next calendar year.

I believe that the reason why the latest news is doing nothing for the stock price is that the entire sector is depressed. The Vancover exchange (where most small mining companies are located) has hit new lows. Most investors/speculators are staying clear of this sector now.

Regards,
Bob
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