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Gold/Mining/Energy : Global Platinum & Gold (GPGI)
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To: san antonio group who wrote (10373)5/14/1999 10:53:00 AM
From: Anthony Zack  Read Replies (1) of 14226
 
SAG,

If GPGI gets into production, it will be riding on Mike's back....I would hardly classify that as "debt free". If Jensen wants to keep shares for a working catalyst, then all he has to do is put a J&T Cat Company label on the verified true working catalyst...Mike!!!

This industry needs GPGI to reach some level of repeatable production. GPGI needs to establish a revenue stream to send the shorts to some other would be belly up operation. Those that shorted MXAM and GPGI (and haven't covered) are going to spark the rally this industry is ready for.

There is talk at MXAM that someone called the CEO looking to buy 1,000,000 shares off the market. Nobody was selling, so he went to the street and volume spiked. I'm thinking that somebody was trying to cover before the funding news was released.

If GPGI can demonstrate self funding, somebody might be calling Jensen looking to buy shares off market. Time is running out. Maybe 2-3 more months until we get the results from the initial production run of 1000 lbs. I don't think any longs will be selling in large quantities so close to this event. The boli say we will hit the flagpole or fall off the cliff. I say that the flagpole scenario is the safer bet at this late stage.

Tony
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