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


To: Ironyman who wrote (974)3/10/1998 9:28:00 AM
From: Sam  Respond to of 34075
 
Nice snow storm last night in Ontario ,how is the weather in Ausy land,get over the heat wave yet.?. I guess,GE is not at the Toronto prospectors show this week,,
SAM



To: Ironyman who wrote (974)3/10/1998 2:11:00 PM
From: CIMA  Read Replies (2) | Respond to of 34075
 
Eric, you've been saying all along that it doesn't make sense for this stock to be so low. I think you're right.

The market puts an $8M value on this company ( 90M shares x 9 cents). They have over $1M in assets and $1M in debt so the property that contains well over 100M ozs of gold at a $170/oz total production cost is valued at $6M. That is ridiculous.

The Bolivian government has given its blessing and the advisory board consists of ex-Barrick and Newmont people. The Edgars are there for everyone to see. That's credibility.

Investors are able to buy shares on the market today at less cost than many of the insiders, contractors and employees were previously given shares in lieu of salary. That's opportunity.

And finally, 1000 assays in a detailed report out next week supposedly proving the enormity of the resource supported by PR nationally in the US. That's a rising share price.

Something is terribly out-of-whack with this story. When will the market get it straight? I don't think it's us.