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

To: Ironyman who wrote (957)	3/6/1998 12:21:00 PM
From: Michel Grenier	Respond to of 34075

Hi, eric. I was talking to Sabrina a minute ago and she said that, to this date, Golden eagle international had 89M shares issued, with 21M shares floating. That is taking into account shares issued to purchase equipment and so on, so that dilution is not as bad as some people thought. I don't know where the figure came from for 130M shares, but apparently it is not accurate. Sabrina confirmed that the report estimating proven reserves is still due for sometimes between March 15 and March 31 and that financial statements were due for March 31. I asked her if the new report would contain cost information in terms of cost per cubic meter of material extracted and treated rather than is cost per ounce of gold recovered and she did not know. Anyhow, it seems that the suspense about the proven size of the deposit will end soon. Good trading! Michel