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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: C Hudson who wrote (13620)9/29/1998 1:00:00 AM
From: SWW  Read Replies (2) of 34075
 
Was it really a surprise to see the 8K and the contents. GE is backing off the claims made by Guido. GE is NOT saying that they were wrong about gold being on the concession but that maybe not as much as was calculated proven by Guido. That is in aggreement with the majority of the Bolivian geologist. Backing off the major claims will hopefully be the first step to settle down the SEC, but also give them a foundation to work their way back up the ladder. GE over stated itself, paid the price, admitted they could have been wrong, humbled and now ready to move on.

It makes alot of since to start to work a small area, prove it up and then continue on with other areas of the concession. As each area is proven, and reported, hopefully that will start the wheels a turnin.
If they can get BD onsite and start to work a small area, it will not take that long to prove it up (Depending on the size that is chosen to prove). If it proves to be in the ball park of Guido earlier estimates, then that should be enough to get some of the positive speculation back on GE.

Obviously money will be an issue as always, but it does seem that they have found it when they needed it (ie. BD)

Anyway, do you think that the MMs are going to let you out. Only if you give it to them. IMO GE is still a good lottery ticket. The MMs have made too much money off us to cash in the ticket.

SteveWW
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