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

To: Michel Grenier who wrote (2131)	5/3/1998 2:20:00 AM
From: Alan Markoff	Read Replies (2) \| Respond to of 34075

This is my thought's on MINE. I went back a year ago and reviewed all that I could find on this one. Last April this stock was trading around .70 and it has done a slow fall since, slipping down to a low of around .05. One thing we do know is that a bunch of shares were issued between last April to the present day (about double the amount). I will tell you one of the many reasons why I am down on this stock if you notice a press release came out on 2/12/98, on 2/13/98 this stock traded 5,333,200 shares! and it had a high on that day of .13 and ended up at a mere .07. If you look at the trading week after week there were more press releases and heavy volume but the stock did not perform well with all the volume so my thought was who is selling? Also how much of this stock is held by insiders? If they have what they claim and I was an officer of this Company I would surly acquire as much of this stock as I possibly could that's just common sense. So how mush of this stock do insiders hold? I am confident MINE will come out with some sort of report and it probably will be very positive, if they didn't it would lead to stock suicide and I am sure that is not their intention. So my feeling would be in the best case scenario that the release will come out and be very positive the stock then may climb to .35 (the highest level I feel it will attain)and then regress to lower levels again, for I feel that MINE will not come close to producing based on their release and will continue to lose money as they have in the past. But of course this is my opinion and I can be dead wrong. So with all the press releases and all that volume between 2/13/98 to present why hasn't this stock gone much higher (someone had to be selling). Also how much stock do insiders hold?, and what is the size of the float? The bigger the float the less potential revenue the Company has so what is the float size? and how much of this stock is owned by insiders. I realize what MINE is claiming, but many of these Gold stocks throw gold in ones eyes only to find out latter that things never seem to work out as projected. The proof is in the revenues not in off the wall projections. The following is a link with a year of volume and prices on MINE. Look at the huge volume increase from 2/1/98 to present with no real effect on the stock. The volume would indicate that stock was being sold otherwise the stock would be much higher. So who was selling? , and why wouldn't the Company or officers in the company not be buying if they were so sure of the report which indicates unbelievable reserves? If anything you would think they would be buying stock back before going forward with a promotional campaign, which is obvious from the content of their news releases. Before all the news 300,000 days you could count on one hand, their were many days of 50,000 ect..... Then the Company hits the wires and every thing changes big volume but poor results. Please convince me. tradepbs.com