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Gold/Mining/Energy : Global Platinum & Gold (GPGI)
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To: Ed Fishbaine who wrote (7046)8/24/1998 5:49:00 PM
From: Chuck Bleakney  Read Replies (1) of 14226
 
Sorry, I think that I probably confused you... I should have said "stock price" instead of "they"... I expect it will be like most with a lot of fits and starts to make it interesting.

I agree with you that "production" will probably be slow and steady.

Define a "tiny" amount of Platinum, Rhodium, etc... grams, ounces? In any event it has to be some measureable percentage of the "melt"... whatever it is, that value sits in the pipeline until it is recovered, and its a cost of doing business while the pipeline is being stuffed or expanded. I don't see how it can be particularly cheap unless the actual amounts inquarted are a very tiny percentage indeed. They're not called precious metals for nothing... Unless they've got a bunch of this stuff stockpiled (unlikely) then it's gotta be expensive to stuff that pipeline.

So they can't sell off shares to finance their current goings on???
If they're sure they have the problems licked it would be a short term prospect that would reap long term value for the rest of their holdings... not a bad tradeoff. Someone's making those shares available at what seems to be bargain prices. Who else would have an incentive to do this??? I guess that's the other million dollar question...


Chuck
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