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Gold/Mining/Energy : Global Platinum & Gold (GPGI)
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To: Richard Mazzarella who wrote (7607)9/26/1998 10:43:00 AM
From: Randall E. Brubaker  Read Replies (1) of 14226
 
Yes, Dennis has answered a few emails that I have sent. Sometimes it takes 3 or 4 days. An answer might also come in a public statement.

Let us not forget that they are still quite inexperienced at what they are doing, and that no one has ever done it before (to my knowledge).
These shipments 3 and 4 I believe would have been sent before any feedback from Sabin had been received on actual shipments. They were (and are) still way up the learning curve.

Much of the reaction on this thread sounds like what I've seen for other DD's in response to disappointing assay results, etc. that implied a substantially lower value for the whole company. I don't see this situation as that serious. Unless they have been lying to us, which would be a different story. This latest negative message, imo, is evidence that this company endeavors not to lie. Also, to their credit they didn't sit on this information for long.

With regard to Sabin, a broke GPGI won't do them any good.

I have always looked at this company as an opportunity to lose 100%, or gain multiples of that. I don't think this latest news changed that much. I'm actually more concerned that they get the permit thing behind them, because that is a situation that is not under their control and which has shut them down completely until it is fixed.

Randall
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