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Gold/Mining/Energy : Global Platinum & Gold (GPGI) -- Ignore unavailable to you. Want to Upgrade?


To: Anthony Zack who wrote (11520)9/28/1999 5:39:00 PM
From: Jafco  Read Replies (1) | Respond to of 14226
 
Hang in there, Tony, the best is yet to come for all of us.
Joe



To: Anthony Zack who wrote (11520)9/28/1999 6:11:00 PM
From: Ed Fishbaine  Respond to of 14226
 
Tony

You make some good points but you assume that the selling is from the company. I wish that was the case but I do not think they have free trading shares to sell. Conceivably there are nominees where it could be done. Or maybbe they've arranged some sort of swap deal where they hocked their restricted stock. The question does remain about where the money is coming from to keep afloat.

By the way the release mentioned 160 pounds of anode slimes sent to Sabin. According to Sabin's report on the 2 kilogram sample of that slime the $ value came to around $1,250 (before metals prices rose). This means the 160 pounds should have a value, before refinery charges of around 40x $1250 = $50,000. Less 25% Global could get a check in the neighborhood of $35,000. Lets keep our fingers crossed.

Ed