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

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To: san antonio group who wrote (8200)	11/4/1998 4:10:00 PM
From: Scott Wheeler	Read Replies (2) of 14226

SAG, Perhaps. But I wonder if you and others will feel the same way about the 700 miles if suddenly resin column problems are resolved, cash starts flowing and share price moves to "acceptable" levels? My point is that we should not summarily equate distance with poor management, the lack of press releases with inaction, or technical problems in extraction with incompetence. It may very well be that management does very well at a distance and has very real production glitches. And, although I may not like it, Jensen et al may be doing a lot and not talking about it. He has told me himself he doesn't like to say much until "there's something to say". That is convenient for him, but perhaps maddenning to stockholders. I look at it this way - if we can believe the extraction and refining results of shipments #s 1 and 2, then all that really remains to assuage [most of] the grumbling ought to be identifying what went wrong and eschewing it and/or identifying what went right (in #s 1 & 2) and making sure it gets implemented. I am confident McKay and staff are eager and able to make those identifications and proceed.

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