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

To: Jon who wrote (4924)	6/12/1998 3:21:00 PM
From: Tom Frederick	Respond to of 34075

Jon, to expand on your point, we need to be watchful on how long it takes for this report to be issued. Delays will not bode well for a report that was obviously translated sufficiently to allow the company to claim over 150 million ounces inferred. Delays beyond next week will need to be rationally explained by management to the satisfaction of more than just the shareholders. There are some serious questions for me about how this was handled. For example, considering most of the shareholders and the business market in general are English speaking, why wasn't the report being translated on an ongoing basis throughout the 2,500 assays? For example, with each set of assays write up the review in the local native language of the lab and translate it to English right away at the same time. Why did they wait until the end to translate it all at once? And if GE was able to understand the report that was NOT in English, enough to project this massive of a deposit, didn't anyone think that it was not very responsible to make such a bold announcement when the proof wasn't ready to be released? But, be careful with your words. The "truth" you are waiting for is NOT an internal assay report. The truth will only be found with third party COC drilling and certified testing from reliable sources. The GE assay report is useful but it is not the end of the story by any means. Otherwise the "big boys" ol' SOROS is so fond of referring to would be loading up like crazy already while the price is so low. In fact, the sell off seems to say to me that at least some are a little nervous about when or even if this report is coming out. Obviously there could be a little minupulation going on here, creating a good buying opportunity before the next news release. And to tell you the truth I hope that is what it is. Good solid news with real details and opt numbers on the assays will go a long way to get this moving, but that will be a limited ride up and things will settle down again until the real COC work is done. It is an interesting ride, just don't put your milk money into this until you see COC results. Tom