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


To: Bradley G. Fraser who wrote (609)12/15/1997 2:59:00 PM
From: CIMA  Read Replies (1) | Respond to of 34075
 
Definitely true, but I see it as a good gamble at these prices. If Turner can get even one low cost site going the cashflow should begin. That's the biggy, and it must happen soon. They have no money and the stock dilution increases. But it's a good sign that people still accept stock in lieu of cash. They must really believe there's an upside and that the gold is really there. Remember that insiders options don't come due until Jan. 1, 2000. I think you have to give this play a couple of years.