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: banco$ who wrote (6930)	8/6/1998 10:52:00 PM
From: JACK R. SMITH JR.	Read Replies (2) \| Respond to of 14226

Oh, Gosh! Dark days again for the DD Champion, GPGI! Low volume and price decline--no surprise there! Here is the problem as I see it. The company announces a value of (let me round it off to $1000 per ton). Any difference of opinion will be entertained. Then they announce a production rate of 15 tons per day. They announce refining fees of $200 per ton and overhead of (I forget), so I do my Zeev calculations and come up with a net profit of around $420 per ton. Then I arrive at a net profit of $126,000 per month based on the present production rate. Then the company makes a couple of 50 pound shipments to the refiner, then Ed tells us that they are only worth $15,000. Does not compute--I respect ED, and I consider him a personal friend, but this is a continuation of a continual disconnect that the company has had in perpetuity-- Damnit, I am sorry, but I need to call the company---I am not happy with the situation! We get no information on the Web site, and the company has adopted a "news to all via news releases" which in general make no sense to the consuming public (in my humble opinon)! I understand that the company has limited funds for PR at this point and I understand that they are funneling funds to production efforts, but frankly, I am tired of seeing my account statement, and at this point, I do not even look at the damn thing!! Foolish, yes, and for years!! Without some effort by the company to support the present stockholder base and provide meaningful and timely information, I project a stock price significantly below present levels. This is in spite of apparently improving fundamentals, which remain to be seen and announced and the medium will be determined later! I suspect that the company is working hard, but clearly, there needs to be a better flow of information to us tired and overwrought stockholders! There are clear limits, and those are being exceeded--I hereby issue a clear and present warning to the management of GPGI--Give me information, or I shall dismount, and shoot the Mule!! Mulerider, for now, Jack!!