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Gold/Mining/Energy : Golden Eagle Int. (MYNG) -- Ignore unavailable to you. Want to Upgrade?


To: larry hart who wrote (20157)7/26/1999 11:58:00 AM
From: Paul-D  Read Replies (1) | Respond to of 34075
 
larry... We are all frustrated. Things don't seem to move on as fast as we all would like to. But in fact they are.

You said :"...and what results have we seen -- The same thing we knew last year.. Weve got gold only on paper reports.."

Now there larry. Sit back, relax and think about what you said there. The past year was impossible to mine because of the SEC being on their back, threatening the company with lawsuits, etc. They had to have a third party verification, that was the only way for GE to survive. Without it, they were broke. That would have meant that GE does not want anyone on their site, thereby hiding something....

IMO, they've made a tremendous job up to now, come up with a very positive BD&C report, SEC off GE's back, waiting for Dr Atwood's report due out shortly which will tell how to mine the gold and at what cost. We just need the SEC to be off TT and ME.

Then things will accelerate. As TT said on the conference call, once Dr Atwood's report is in their hands and studied, they will be able, through the PP, to move on towards production and come up with a resource. If, of course, they raise $$$$$$$. And I'm with you on the fact that the PP of minimum USD 10K is too high also IMO. Just hope they will find enough $$$$ though.

The price fluctuations, large bids, etc on this pinky stuff is exacerbating everyone, me first. Remember, TT also said that within a month those lawsuits with the SEC should be settled.... We shall see and hope for the best.

Take care in Miami,

Paul