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

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To: Zeev Hed who wrote (10218)	4/20/1999 9:07:00 PM
From: Jeff Williams	Read Replies (1) of 14226

Zeev: You posit: we are relying on production to start yesterday and ramp to 20 shifts per week, but you know we will not get paid by Sabin for at least three months, so what will it cost to run the next 360 shifts before we get a penny and who will foot that bill? Something does no (sic) jive... Zeev, It is my understanding that we have an agreement or contract with Sabin which calls for a 30 day receipt of "goodies" to payment for-same-scenario. Assuming they pay every other week, we'll only need to finance one two-week pay period before we receive a check from Sabin. Then again, if this is not correct, or Sabin is slow to pay, we'll owe for 2 pay periods. Assuming 4 or 5 people per shift, this is not much money, even for GPGI. Zeev, I think the whistle is blowing for the last time and we're about ready to head for the open track. Get on board or miss the ride of your life, IMHO of course. Regards, Jeff

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