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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: john who wrote (13767)10/2/1998 10:33:00 PM
From: REDDY  Read Replies (2) of 34075
 
John,

Fraud????

As in deceit? Perhaps deceit because.... “the techniques used by Mr. Paravicini were insufficient to justify the calculations made, and the term "reserves" may be an inaccurate characterization of the mineralization found on the Golden Eagle properties in the Cangalli district.”????

I don't think so. If the techniques in question "MAY BE" inaccurate then that is an assumption, at best. In fact the very statement questioning Mr. Paravicini's techniques is practically retracted in the same paragraph.....“Based on the information that Mr. Paravicini and others have developed regarding the Cangalli district in general and the Company's properties in specific, management still believes that there is significant gold mineralization within the Company's properties.”

The latest 8K is smoke. A delay tactic IMHO. Nothing to chew on and nothing has changed. Net = zero. No fraud in that.

reddy
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