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

To: Ironyman who wrote (548)	11/28/1997 9:48:00 PM
From: zenin	Respond to of 34075

Eric, Seems that the result of the latest 10k has had a little more effect that i would of expected as per the last few news releases and the fact that GE have sites in production i felt should of created a stronger base for the company - wrong. ...... If you where to weigh up the negative and the postives of GE and the current market situation i guess that what we are seeing is justified and the mm's seem to be satisfied to allow the value to drop to a new low -- seeing that very little has been said about the sites that are currently in production, or do we have to wait until these new sites start up ?. ...... I felt that .18 was a pretty solid base at this point in time, but the last few days has proven me wrong. ...... Anyone got a break down log of buy's v's sells for the past few days ?

To: Ironyman who wrote (548)	11/28/1997 11:59:00 PM
From: CIMA	Read Replies (1) \| Respond to of 34075

So there's a net worth of $200,000 and 88mm shares out. Who knows what the properties are worth? We don't know production figures and we don't know cost per ounce. We do know they produced $36,000 of income in the 3rd quarter ending Sept. 30 and that should be higher in this last quarter with three full months of production and two new sites starting. Again though, we don't know if it's profitable because we aren't given those figures. We also know they have $1,000+ in cash at the end of the 3rd quarter and close to $2mm in current liabilities. Gold is in a dreadful bear market, no end in sight. Would you pay more for shares of a company in this position?