Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: larry hart who wrote (22833)	5/2/2001 11:21:41 AM
From: Digrdug	Respond to of 34075

Larry "I dont think ge will become bankrupt -- not with ME family trust money out there." - I believe that the trust has not provided funding for the last couple of years, but I do not know. I can't see GE giving Kevin the floorless debentures if trust money was available. "I really think there looking for a way to merge this company into a partner to get some compensation for those shares --" - There is IMO no legitimate company that would merge. 5 million debt, convertible debentures, way too many shares out and no proven reserves. I was told three years ago that any merger possibility was hopeless and the situation was a bit better then. Maybe, for the listing, after a reverse split and Chapter 11 to extinguish most of the debt. Shareholders would get hosed on this!! "I really think a partner that is interested in copper and gold will be the way as I heard that this property also has copper" - We did a bunch tests on the Cangalli Formation and there is no evidence of any quantity of copper in the deposit. The gold has about 8-10% copper but you don't get paid for it and it decreases the per ounce price by that percent. I posted a couple of years ago that GE should diversify to other types of deposits in Bolivia and was flamed for it!!