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

To: Richard Mazzarella who wrote (1140)	3/17/1998 9:58:00 PM
From: CIMA	Read Replies (2) \| Respond to of 34075

There are some historical fundamentals that need to be taken into account : - Until Terry Turner and the Advisory Board there was a distinct lack of mining expertise in management. It was one broken promise/delay after the other. - Management never had any money. Relatives, friends, anyone who would buy the shares put up the money they've had to date. The former prez. had to put up 14M shares as collateral against a $1M loan from a Texan bank. Just the fact that they could get a loan was considered a great victory. - Bolivia has only allowed foreigners in the mining industry in the past couple of years. - In 1996 there was a huge internal power struggle where some unscrupulous senior on-site employees tried to wrestle control from management. That is why the press release from November 97 is so important. It signaled the Bolivian government was onside and current management had won the war. - A lot of shares by ex-employees were being sold up to year-end 97. - Bre-X, POG, and other downers for the sector in general. - Questions concerning fine-gold recovery from a placer-like deposit. There's more, but this is a start. Ask the right questions and you'll get answers from people that have been long time shareholders and contributors to the thread. But please read the Edgars first. They tell the story to the Securities Exchange Commission. Those documents are legal. Any lies there and the authors go to jail. I don't know half of the story. But from what I do know it's been a tough haul for the longtimers. Many insiders can't exercise stock until Jan. 1, 2000. Read the Edgars, it's all there.