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

To: Zeev Hed who wrote (5454)	3/28/1998 10:14:00 AM
From: Bob Walsh	Read Replies (2) \| Respond to of 14226

To all: status virtually unchanged. - AuRIC still has not completed their refining of the dore bars. - Auditor has all of the info he needs. GPGI is waiting for his formal report. - GPGI is awaiting for additional info from Brian Russell re COC. I trust that some progress will be made shortly. We always seem to be close but never quite get there. I know that problems always crop up in any company but it seems that they are never ending at GPGI. I await results that I hope are conclusive but I will not hold my breath. Every refiner that Dick has used up to now has been a disappointment - will AuRIC be the exception?? AuRIC had committed to process the dore and make payment within 30 days of receipt of the dore. I believe that they have passed the 30 day mark now. Perhaps they had unforseen problems so give them another 15 days. Will they meet their commitments or not?? Regards, Bob

To: Zeev Hed who wrote (5454)	3/28/1998 12:41:00 PM
From: U.B. Green	Read Replies (1) \| Respond to of 14226

Zeev, Just suppose, AuRic results uneconomic, audit results insufficient for intended purposes, coc not released or bad because....... Result, "throw in the towel" decline. To you that's a buy? Can't the "throw in the towel" decline also mean gpgi may have years of work ahead of them and they may never "get it"? ( Or even the unmentionable.) You seem to ,very successfully, follow the Bernard Baruch theory, to leave for others the bottom and top 20%. So, if it's a buy, isn't it a really small ( specifically, if you would) window you are looking at? U. B. Green