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


To: Douglas Lapp who wrote (8958)7/9/1998 8:03:00 AM
From: Mike Gold  Read Replies (2) | Respond to of 34075
 
Another news story about GE. mining.com Says that the documents that the ORCLE reviewed do not substantiate resource claims.

"OFF THE RECORD . . .

. . . Golden Eagle continues to be in trouble with the SEC. The SEC is considering fraud charges regarding Golden Eagle's May 22 gold resource news release citing 6.43 MM ozs proven and 157.4 MM ozs inferred at the Cangali, Bolivia, placer. Documents reviewed here do not substantiate resource claims. GE's stock bounced as high as $1.75 PS after trading was resumed Tuesday after a two-week suspension. The company was highly cautionary in an 8-K and is interviewing firms to do a reserve audit. About time.

. . . the gold price continues to be held hostage to volatile foreign exchange markets. The U.S.$/Yen rate was the focus of attention.

. . . China's major copper producers are discussing output cutbacks to boost prices.

The Oracle"