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

To: Jim Bishop who wrote (9106)	7/9/1998 1:41:00 PM
From: Probart	Respond to of 34075

From a report by the US embassy in Bolivia Aug. 1996. Seems there will not be to many problems with getting things started down there. Openness to Foreign Investment. read para. 3 The Bolivian government is anxious to attract foreign investors. It knows that large infusions of foreign investment are needed to achieve significant per-capita growth. As discussed earlier, the innovative capitalization program, designed to attract major foreign investment to sectors formerly dominated by the state, is the centerpiece of the GOB's investment strategy. Although somewhat behind schedule, it has to date been an open and transparent process, and the winning bidders have been generally satisfied with their post-capitalization experiences and treatment. Since 1985, 100 percent foreign ownership is allowed with no requirement to register foreign investments. There is no screening of foreign investment or preferential or discriminatory treatment applied to foreign investment. In 1990 and 1991, the government passed three important laws designed to set forth clear rules of the game for private investment. The 1990 Investment Law guarantees all investors national treatment, free currency conversion, unrestricted remittances, and the right to international arbitration in most industries. New mining and hydrocarbons laws authorize joint ventures with the state-owned corporations and provide a new tax system designed to allow foreign firms paying taxes in Bolivia to obtain foreign tax credits in their home countries. The Mining Law also allows foreign firms to operate within the 50-kilometer border belt in joint venture or service contracts with Bolivian mining companies, with the exception of firms from the country adjacent to such border. The 1996 Hydrocarbons Law appears to permit international arbitration, but it is unclear if additional implementing legislation is required. Access to international arbitration in the hydrocarbon sector is the last significant obstacle to the completion of the pending U.S.-Bolivia Bilateral Investment Treaty.

To: Jim Bishop who wrote (9106)	7/9/1998 2:29:00 PM
From: Brian N L	Read Replies (1) \| Respond to of 34075

Thanks Jim, That's about what I was trying to say. Brian

To: Jim Bishop who wrote (9106)	7/9/1998 3:35:00 PM
From: da man	Read Replies (2) \| Respond to of 34075

N'est pas? You speak the language Monsieur Bishop! It is not just the language of love but also of faith! What has changed (other than real publicity) in the past two weeks? Daytrading versus investing philosophy perhaps, non? This is all. Cest normal. An 8k uniformally shouted down by grub stake holders (GE to the world, with an angry Bolivian accent: "We don't need no stinkin SEC cus we don't even know what an open pit mine is! HAHAHAHAHAHAHAHA!!!). The stock trades up, non? Did Monsieur Paravincini sell his stock to buy a few more pizzas? No, he doesn't have any. Although his embonpoint may raise some eyebrows in rural Bolivia, he's not getting rich at 4.5K to 6K per month by american or canuck standards. Did Monsieur Turner run and hide? No. sell his shares? doesn't have any. I await the return of the apparition of Mother Mary. As I kneel to recite the daily prayer, please feel free to sing with me: "When I find myself in times of trouble, Mother Mary comes to me, speaking words of wisdom..." you know the rest Monsieur Bishop, I am sure.

To: Jim Bishop who wrote (9106)	7/9/1998 4:57:00 PM
From: John D. McClure	Read Replies (1) \| Respond to of 34075

O.K. Jim, now your in trouble <VBG>! Seriously though, all the crap since the halt has really made TA (T-Leaves if you will) of this puppy very iffy. Someone else on the thread opined that the 1.75 pop was baseless and I would tend to agree-just the aftereffects of the media exposure. I also agree that most of the publicity we got has been nullified by our Pink Sheet hell. Having said that, my TA tells me that we are suffering from a bad case of distribution at the moment, and the wild volatility may-for now-give pause to even those potential speculators or investors who can handle the MM's pink-sheet bid/ask antics IMO. I do show we have swung from overbought to mildly oversold as of yesterday afternoon and the price still seems to have a good base around a quarter. And, of course, the longer-term uptrend is still intact. I really can't say too much more on this one until we get off the damn pinks and things calm down a little. Just my two cents of course. Regards, John