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

GPGI 24.03

-1.9%

Jan 28 3:59 PM EST

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To: Richard Mazzarella who wrote (1877)	2/26/1997 9:46:00 PM
From: Larry Brubaker	of 14226

Richard: You have hit on the problem. The last several news releases have really not been news (other than Maxam confirming the $2,500 per ton number, which is in the ballpark of what everyone expected anyway). The news everyone is waiting for is progress in the transition from an developmental to an operational company. Other than the cryptic references to more tanks, and marketing division, there is nothing to sink your teeth into concerning when this company will start making money. I for one am getting impatient (my apologies to the longer-term shareholders). There is a post on GPGI's website from March, 1996 that says that cash flow will begin in a few weeks. Jensen himself told me about three months ago that it would take two months to generate cash flow. I'm not questioning Jensen's integrity or sincerity, but IMO it is time to back up the hype with tangible results.

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