Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Zeev Hed who wrote (6491)	6/30/1998 4:18:00 PM
From: George the Greek	Respond to of 14226

Zeev, I like that turn of phrase, the bid has breached even the holy $.5, but it doesn't make me smile much :-( -George

To: Zeev Hed who wrote (6491)	6/30/1998 5:41:00 PM
From: Ed Fishbaine	Read Replies (1) \| Respond to of 14226

Zeev, I am puzzled by your comments. They seem to gravitate from positive to negative alternately. But that's ok because events are confusing. My take is that the 70,000 shares bought at 58 cents when the bid was 50-53 was the action of a signifcant investor who simply put in a market order. And as is the wont of the marker makers they screwed him. Never place a market order on BB, or NASdAQ shares. No sooner was the 70,000 share order filled then the bid went back to 50-53. As to what is going on, one must recognize the pattern: whenever GPGI has something positive to say selling emerges. That so many shares came out this time suggests that there may be some desperation on the part of the sellers and there is a determined effort to drive the price down. Why do this? Because, IMO those interested in damaging GPGI or destroying it believe that at a very low share price the money required for everyday operation will no longer be available to Jensen. They are in a hurry because they realize that the company is on the verge of self financing at which time they lose. But I have news: no matter how low they drive the share price Jensen will have no difficulty raising necessary funds. There are some very well heeled investors who are convinced of the probity and ultimate suceess of this company. Today's action swings my guess from equal balance between one or two large shareholders wanting out, contrasted with a group intent on disrupting GPGI, to the latter. Why do they want to do this? If it is the AZ Bureau of Mines it is to preserve their jobs. They have sworn there is no PT in AZ I doubt its them. If its some of the big mines fearful of desert dirt success its to protect themselves. Look particularly at the Northern Miner and Slanker with their slanderous attacks on all the dds.. If Global is successful all the exploratory mines in Canada are finished. They are dying now, but with a successful GPGI they are dead. And so is Slanker's business as well as the Northern Miner's. Finally it could be some group interested in taking over GPGI. By forcing a fire sale and capitulation by Jensen they can buy this company at pennies on the dollar, do a roll back, issue themselves a pile of shares and screw the existing shareholders. This I believe is the most likely scenario. Again, to succeed it requires that GPGI run out of money and the present wealthy shareholders who hold a large chunk of stock are not going to allow themselves to be watered out of what they realize is a fortune making opportunity. They will just acquire more and more 144 stock. Unfortunately it does dilute the shares, But this is soon coming to an end with the company achieving self sufficiency, IMHO before autumn arrives. By the way, I accept your subtle apology for impulsively accusing GPGI of nefarious action. So now I can close with Regards, Ed

To: Zeev Hed who wrote (6491)	6/30/1998 10:59:00 PM
From: Chuca Marsh	Read Replies (1) \| Respond to of 14226

<<... I know not when this decline ends. Looking at the rest of the dirts, I am not too hopeful.>>> So, has anyone noticed that there are other DDs taking it to un thought of lows today? IPM at CDN in Toronto..amazing ( well, maybe not) but some Desert Dirts THERE unloaded either 100,000 shares OR 500,000 at ONE CENT on the Bid I guess. So with Go2Net showing 100K and CDN showing 500K - maybe some IPMCFer is unloading all Dirt Companies at MARKET, that is al I can offer! That is not much... But I can say I went to the Hassey Ore Pile a Month ago, maybe ask some one to go there and see what is going on now? And report back, that the Mill is still there and a few folks are milling around! But that will not help what happened to date in the Resistance, seems not so resistive to Zeevs forcast...hope Zeev does not joke any more on the Turnips Recipes with Onions. Maybe Mushrooms in the stew now, I saw some in the desert and NO-ONE believes me! They probably make the goodies taste better. Chuca PS- <<..What are the minerals in this ore which contain all of the recovered precious metals and pgm's...>> Arsenic for onme bonds with Gold.