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


To: Scott Wheeler who wrote (5994)5/22/1998 6:26:00 PM
From: Anthony Zack  Read Replies (1) | Respond to of 14226
 
Hi Ed,

Thanks for your time and effort. I thought about selling some of my position all week long. Still haven't figured out why I never placed the order.

While I agree that PR's should be used by the company for significant events...like getting paid for metal sold, I feel that letters such as the one you posted here contain alot of information that the stockholders need to be made aware of regarding the direction of the company. This selloff has occurred simply as a result of a lack of buyers. To be perfectly honest, if I was going to invest new money in the DD sector, up until about five minutes ago, The last company that would see any of it is GPGI. You cannot generate speculative buying if you don't give potential new money a reason to speculate. I think it is possible to dangle a carrot as this letter has done without being accused of trying to hype the stock.

This letter has given me several reasons to no longer want to sell any of my GPGI position and it has given me several reasons to believe that new money invested here at this level is exactly what should be done.

To put this in proper perspective:

The vending machines where I work offer various products for sale between $.60 and $1. I stopped using these machines when I realized that the shortbread cookies were roughly equivalent to 1 share of GPGI. Every time I get the urge to get something from these machines, I drop the change in a jar. Maybe it is time to forward that cookie money to my securities account. It seems that 5-10 tpd of ore grinding can produce quite a few shortbread cookies!!

Cookie Monster, Zack