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


To: francis terry who wrote (4413)12/10/1997 12:32:00 AM
From: Larry Brubaker  Respond to of 14226
 
"It is a fact that on December 18th a check will be cut for Dick Jensen; however we already know that there is gold and platinum in commercial quantities."

Yes, supposedly a check is to be cut for the first 50 ounce shipment of semi-refined material to Englehard, made 15 weeks ago. According to GPGI, only one more 50 ounce shipment has been made in the last 15 weeks. At that rate of shipment, the checks from Englehard might be enough to pay GPGI's electric bill.

The "real" cash flow is supposed to come from the 700 lb. daily shipments of dore material to unnamed refiner(s). According to the scuttlebut on this thread, it sounds like there are problems with the unnamed refiners' ability to actually do something with this material. Of course, nothing official from the company has been said regarding this.