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

To: Chuck Bleakney who wrote (4370)	12/4/1997 6:53:00 PM
From: Jeff Williams	Read Replies (3) \| Respond to of 14226

TO: Everyone I have just spoken with R.E. Jensen and he wishes me to inform the readers of this thread that GPGI is expecting payment from the two refiners who are recipients of their products within the near very future, and this is well before "several months." He does not know how much the checks will be, but he has promised to release the information and assays when they are received. The rumors that we were not going to receive payment for 2-3 months are, in his words, "highly erroneous." In other words, it would appear Russ Twiford was absolutely correct. In addition, he said they are hiring a CFO to complete their financial statements so they can get off the "designated securities" list. He expects this to happen before the end of the year. The significance of this is that brokers will then be able to recommend GPGI for purchase to their customers. He felt last Monday's meeting at the mill site went very well, and he expected a great deal of interest to be generated by Saturday's meeting at the refinery. Present will be several mutual fund managers as well as people from the investment banking community. At present the mill continues to produce approximately 400+ pounds of dore metal per day including the copper collector. The 2nd refinery is increasing their capacity to handle GPGI's product. Lastly, he said it was very unfortunate that the share price has dropped as low as it has when we are on the verge of success and receipt of our first checks from production. Much of this he feels was due to the rumors of non-payment, although lower precious metal prices have probably not helped. He stressed we had taken a different route than IPM, and Delgratia, and he felt it was the correct way to go. Proving reserves when ore grades will not allow a firm to produce a saleable product is not a viable course for the desert sand companies he said. My overall sense is that he is very pleased with the way things are progressing and the future is bright for those who are patient. He said he had been asked in the past to release news in an attempt to support the share price which he is reluctant to do. In other words, when he has news he will release it, but he will not "hype" the stock. My feeling is that when we get into sustained production, we will gain credibility and when the investment community realizes we are for real, there will be a flood of money into this issue, IMHO. Regards, Jeff Williams