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

To: Douglas Lapp who wrote (4883)6/12/1998 8:03:00 AM
From: Michel Grenier  Read Replies (2) | Respond to of 34075
 
Why would people holding hundreds of thousands of shares buy more? I believe that there are few people so greedy that they never have enough. If someone owns 500k shares and this mining project works, that person is going to become richer by a few million dollars at least. Also, consider that there is still a chance that it does not work for all kinds of reason. To add 100k shares to a position costs $30 000 at current prices and that position is increased only by 20%. I know I would not do it.
Michel



To: Douglas Lapp who wrote (4883)6/12/1998 8:23:00 AM
From: Jim Bishop  Read Replies (1) | Respond to of 34075
 
Thanks Doug, your info, and CIMA's, and the links, sure help to explain things. In this case I had not thought of shares from IPO, seed money etc., even though the list did not seem to show any true insiders. Don't worry about any bitching that may happen, there are a lot of people on this thread that are now pretty immune to that kind of thing.


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