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

To: GC who wrote (7095)	7/1/1998 10:20:00 AM
From: Tom Frederick	Read Replies (2) \| Respond to of 34075

Every time we hear this mantra the GE is producing, there is a better informed poster that clarifies that they are producing very limited amounts and in fact at this point in time they have stopped that operation in order to determine a more economical format. So the PRODUCE, PRODUCE claims don't go far. If they are indeed SO confident that the gold is there then why are they not in full scale production? why are they bothering with SEC rules for trading. Why not take it private and just sell lots and lots of gold? Seems odd to put up with all these trading regulations if there is serious gold production going on. Obviously whatever production activity is going on it's not enough to move the stock price much. And if they are able to produce, shouldn't we have the facts and figures on cost of production, what the total mix of metals is in the ore, projected profits per ounce or per ton? I'm sure that you are correct about some recovery activity but it clearly is not an indication as to the reliability of the data on total deposit estimate. They might be producing out of a small area of high concentration. That doesn't tell us enough. We want to know if they have what they claim which is a HUGE leap from producing a handful of ounces. And no, it's not GE that I am talking about. Tom