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Microcap & Penny Stocks : DAVID SIRK's VALUE MOMENTUM PLAYS -- Ignore unavailable to you. Want to Upgrade?


To: Stockbull who wrote (3937)7/4/1999 12:56:00 PM
From: Cytotekk  Read Replies (1) | Respond to of 4828
 
Dave, MYNG has been making good progress and may get of the pink sheets soon, back onto the OTC BB.

They have what some see as a very positive Behr Dolbear Report in hand and are currently raising capital for further studies and production, through a large private placement. They want to produce at a profit while they prove up their "enormous reserves", in the words of Dr. Atwood, who is heading up the production project. Dr. Atwood will have a report out soon as well. They think that they can produce at a profit at a POG of $200 or more. Further details of Golden Eagle's progress and plans are available at: geii.com

The Cangalli 6.4M oz proven announced last May, apparently was not derived using "accepted" U.S. Mining Standards, and has not been accepted by the SEC. Since the SEC halt last June, the SEC has been reluctant to allow MYNG to trade again on the BB even they are up to date with all filings. The companies efforts to acquire credibility from the consulting work of the highly respected "Behr Dolbear" seems to have been successful, to what degree I do not know yet.

GE has had all the SEC claims against the company completely dropped. Also, any SEC problems with all past or present officers may be resolved with the month. That would be good news indeed. Time will tell how quickly those problems are resolved.

Anyway, things are looking up for the MYNG longs......AND the best thing is, They are making money elsewhere.

Subject 28706

Regards, Colleen in Orlando