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Gold/Mining/Energy : Global Platinum & Gold (GPGI)
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To: Zeev Hed who wrote (8155)10/30/1998 5:42:00 PM
From: Ed Fishbaine  Read Replies (2) of 14226
 
Zeev

IMO the charts are not informative. The shares are drifting lower and lower because of the absence of news. While fundamentals are probably improving with McKay on site and corrections being made at the mill, there is nothing of substance to report as yet. Therefore, either disappointed shareholders are unloading in small quantities, or the shorts are at it. My guess is that it is largely the shorts. There is no reason to buy at this time and the lack of adequate investor relations communication does not stir the spirits. Conceivably the drifting down will continue until we hear about developments at the mill. From the bits and pieces I can gather it looks like things are going well. But I am an optimist. With a few more down ticks I will be back as a buyer. I expect you will join in pretty soon.

Regards, Ed
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