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

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To: Richard Mazzarella who wrote (7703)	10/1/1998 6:35:00 PM
From: Zeev Hed	Read Replies (1) of 14226

Richard, I am afraid that I am still with my earlier call of "reaching $.25", and that will not necessarily be the bottom. I do not see an impetus for a rally until they solve their AZDEQ problem, and while tripling production rate from 15 ton/day to 50 ton/day should not pose unusual problems, this argument is valid only if the 15 ton/day activity was with no problems. I cannot comment on their chances of success or lack thereof since I no longer know well enough what it is they are attempting to do. From where I sit, this screen is my sole source of information and it ain't much. I have seen the goodies content go down in a straight line and I do not know what the current goodies value per ton is, thus I have no specific reasons for being optimistic. Technically, the "evil forces" are still with us, and every time Mike comes with something that "appears" to be good news, Laser uses the occasion to increase his short position. Maybe Laser knows more about the problems than Mike does. So far, he is batting 100. Zeev

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