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


To: Jackel who wrote (2063)4/29/1998 11:27:00 PM
From: CIMA  Read Replies (4) | Respond to of 34075
 
Hey Jackel! What's your proven reserve estimate? You haven't entered Mr. Metals guessing game. I'm sticking with my guess of 500,000 to 1,000,000 proven but a nice increase in measured, indicated and inferred along with a production target and date on the open-pit (another date to torment shareholders with...). What we as investors have to understand with this company is that it is undercapitalized for one, so things are run on a shoestring until there's cashflow, and that Guido and his geological team are Bolivian (referring to Latin cultural differences - no disrespect intended, my wife is Mexican) for another. Management is totally dependent on him for the numbers. The report will be done when it's done. There just isn't the same concept of urgency with most Latinos ( time and space conceptually different from us Saxons ) and the more pressure exerted the longer the delay. It's a big reason why many Saxons can't make it in Latin culture. My sense is it'll be the beginning of next week as well. Sabrina has said the release is ready, it just needs the numbers plugged-in from Guido. Meanwhile, the short-term traders and others who panic-sell may set up a nice last-minute buying opportunity in the next day or two.

EL TIBURON: Still sticking with 75M proven?