Hi Douglas, I've followed your thread since you started the thread "111,114,800 ounces of Gold". I haven't already bought shares of this company, but I continue to seek for more news on it. Here is what I found today on INFO-MINE website on Golden Eagle:
One of the best kept current small cap secrets south of the border
involves Golden Eagle International (MINE:NASDAQ) {Min-Met report on
Golden Eagle Intl}, a Denver-based company whose wholly-owned Bolivian
subsidiary is active in the Tipuani Mining District. Last year, the
company announced that its Cangalli River property in Bolivia contained
approximately 3.3 million ounces of gold, but on Jan. 30/97, the company
filed an S.E.C. Form 8 reporting that the estimate has been revised
upwards to -- get this -- 60 million ounces. Thats right, 60 million. So
why hasn't the company promoted its news to the heavens? Golden Eagle
spokesperson Sabrina Martinez explains that "the S.E.C. requires public
companies to be current on their financials before they can make any
announcements to the public." Martinez says that Golden Eagle is
awaiting completion of audited financial statements from Bolvia, at
which point it will kick its P.R. machinery into gear. While the company
says it is trying to fulfill the S.E.C. requirement as soon as possible,
Martinez's only promise as far as timing goes is that "the financials
will be filed by the March 31 (U.S. tax) deadline. Needless to say, were
working frantically to get everything done." (See Daily Mining News Feb.
12/97 for more details.)
This site is at: info-mine.com |
