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

To: Zeev Hed who wrote (5468)	3/29/1998 10:24:00 PM
From: JACK R. SMITH JR.	Read Replies (5) \| Respond to of 14226

Zeev, OK, first the chart! Longer term view is that we are very, very near bottom here and I predict a reactionary rise next week to the $1.18-20 area. If that fails, then next support is at $.6750. I do not expect that to be reached, but I could be wrong. The trend is down, but my weekly and daily indicators are in conformance here. I think that I am looking at a bottom here. This inplies no help from the company here. The market will react in spite of them. There is a new "impotence" pill coming out and I recommend all company officers take it!! That is harsh, and I appologize in advance. OK, I have called what I think is the low, and if we are not at it, then it is near. I can be wrong, and may be, but I am calling this as the low $.8750. If the company is scamming us, then I am clearly wrong, but my sense tells me not. There is no buying and no selling. What that tells me is that the negative small investors have sold and there are no negative large investors. Negative larger investors sold long ago. There is little overhead here below about $1.80 and any positive news from this constipated company could lead to a catharsis and a pretty good upside move. I would be prepared for that!! Longer term, I think that they have a viable property, and perhaps a viable method of extraction, but it is in need of great refinement. My sense is that they are picking up lots of trash in their process and need to eliminate that on their end. That causes lots of problems with the refiners. M. Wendell told me something long ago that I have not forgotten. I think that GLOBAL is using an agressive acid leach. I could be wrong, but probably not. That picks up lots of iron and they have lots of that on their properties. He was talking about assay methods, but it told me something about their process. Take the leachant (assuming an agressive acid leach) and adding ammonia to a PH of about 5.5 and when you smell ammonia, the trash metals will precipitate and leave the PGM chlorides in solution. Filter out the precipitates, then you have a situation in which the PGM's will report to assay. That could surely be applied to their process if they are using an agressive acid leach. I know not what they are using, but clearly, process improvements need to be made at GPGI, and it should not continually blame the refiners. My hope is that they have forged a working relationship with Auric. I know their history with refiners. I have heard it said on this thread that Consolidated Noble bombed out for GPGI. Perhaps the reverse is true, I know not the truth of that. What I do feel is that Consolidated Noble will be heard from again by the Desert Dirts and perhaps GPGI would be wise to forge a working relationship with them in come capacity. I know little about Auric, but thier initial announcement "smacked" of GPGI influence. Now we are hearing little from them. They said that they would take all the sludge that GPGI could produce. Good, let GPGI take all those thousands of pounds that they have been quitely producing and send it to them, then we will know the truth!! GPGI needs severely to follow through on its announcements. Any fool can tell that there is a problem here. Do not attempt to distract me by continually changing the subject. You, GPGI need to report your progress or your failure to the stockholders. The market has already discounted the "bad news", and awaits any "good news". This area and the metals in general are in my opinion an area of "great opportunity". The question in my mind is "will GPGI be a viable participant". I have neither bought nor sold in the last year!! Jack!!!