Global Platinum & Gold (GPGI) Message Board

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

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To: Zeev Hed who wrote (10213)	4/20/1999 5:16:00 PM
From: Ed Fishbaine	Read Replies (1) of 14226

Zeev What's not right in this picture is that which plagues almost all BB stocks, particularly pm companies. But specifically in the case of Global, not only is there no sponsorship, but whatever sponsorship might become available will not do so as long as present management is in place. The market is unforgiving for past errors and a new slate has to be put in place. This has nothing to do with the merits of the property or the potential of the extraction process, which IMO are both positive. Birch Mountain ran up from 25¢ to over $1.60 in 5 weeks recently. No secret why---Canarim and Yorktown plowed in with huge purchases. Why did they buy? Moderately hopeful news but top notch management. IMO even if McKay gets into commercial production and the checks start coming in I do not believe the shares will move significantly. They will move only when the production is recognized as real by some well-heeled market savvy players or perhaps a big outfit and sponsorship based on a take over is in the works. Nothing less will move these shares. The new online advertising will produce nothing. As long as present management is in place there are too many players and interests that do not believe this company can do anything. Even with checks they will insist that there is no COC no reserve figures, that selective hot spots were mined, that there has been salting etc etc. The every fact that the returns reported by McKay are so extraordinary is precisely what will bring down the wrath of all those Ecclesiasticals who cannot fathom change--- who hate it, who fear it, who envy it. The smart thing that Jensen could do would be to look for a replacement for himself and his board of directors. In other words, he should be searching for an outside bidder with financial and market clout and show great willingness to negotiate a takeover. He will do better financially in this way and will advance the interests of the company. Ed

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