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


To: Bruce A. Thompson who wrote (11831)10/20/1999 9:53:00 AM
From: Thor Carlsen  Respond to of 14226
 
Bruce, I hear ya. All those SAN ANTONIO GROUP posts telling us how he would be loading up w/more GPGI when it hit these levels.

He did mention the SEC compliancy, though.
TC

GO GPGI - no E - thanks to the inside info from the SAN ANTONIO GROUP!



To: Bruce A. Thompson who wrote (11831)10/20/1999 10:21:00 AM
From: Bob Walsh  Read Replies (3) | Respond to of 14226
 
Observations/questions:

Zeev's posts appear to increase whenever there is a price decline.

Price started declining 3 days after last news release.

Was Zeev's projection of a sub $0.10 price a self fulfilling prophesy?

Estimated float as of 5/25/99 was 12-14 million shares; in past 30 days 8.6 million shares traded (61% to 71% turnover).

As of 5/25/99 there were 30+ million shares outstanding. If there were 35 million shares today the market cap of GPGI would be $2.38 million. Is Oro Grande alone not worth more?

Was yesterdays sharp decline in GPGI due mainly to liquidation's following margin calls due to overall market decline or is GPGI on the threshold of success and the price was manipulated lower?

At a price below $0.10 why would long term holders bother to sell? Who is doing the selling? The only reported insider sales for the past 6 months was a planned sale of 1,000 shares. Is there a short syndicate at work here? Is there a group or company trying to take over GPGI and manipulating the price lower and lower? At the recent low prices for GPGI it would not take much money to manipulate the price given the understandable reluctance of many/most existing shareholders to support the price by buying more.

If GPGI were very successful there are many individuals, institutions, companies and governments that could be negatively impacted due to supply of precious metals increasing with resultant decline in prices.

The principal problem with the price declining is the probable negative impact it may have on GPGI's ability to fund ongoing as well as expansion efforts.

Regards,
Bob