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

To: CIMA who wrote (12290)	8/16/1998 11:35:00 AM
From: Martin E. Frankel	Respond to of 34075

Cima, This was one of the best posts I have seen on this board. Straight to the point and done with tact and class. Perhaps, and IMHO, the SEC should not really be such a major concern. In their typical fashion, and especially in this post-BreX period, there is a concern (by everyone) when a Company comes out with numbers such as Guido, TT, and MINE presented... especially when there is still a question as to the actual amount of gold which can be economically mined. Do I believe that Guido and the prior geologist who did the initial assay work on the GE property were/are lying? No! They have too much to lose professionally. Do I believe TT is involved in a scam? No. He also has far too much to lose professionally. The majority of public shareholders are sitting with a profit or at least a "break-even"... so where is there any credence to the accusation that people were hyped and defrauded into buying MINE? There is none, IMO. People who buy mining exploration company stocks are buying rank speculations... especially when the exploration is in new territory (forget all the gold from early days). They are willing to gamble on the outcome of the exploration based upon numerous factors... and the "gamble" is evident by the prices that MINE as well as other exploration companies are selling for in this market. Should MINE be selling at a considerably higher price based upon the work done to date and the caliber of the people doing the geology? IMO, yes. Unfortunately, the SEC "scare", selling on the "pinks", and the lack of any news from the Company doesn't help. Knowing that the SEC is looking so carefully at every move MINE makes, however, might explain the latter, but certainly "facts" could be released, ie: BD's real task, the existance of a PP or loan to MINE, etc.. These would be facts that could be backed-up. If there are negotiations going on about a JV, it is doubtful, IMO, that this information would be released as most majors sign a non-disclosure agreement. In addition, no major wants to "tip their hand" and start a bidding war. << Things can still go wrong and there still is risk. >> I agree, Cima, but there is only risk because things can go wrong. I personally don't think they will, but that is my opinion. People who don't like risk certainly shouldn't invest in MINE, but perhaps, considering the overall market tenor, perhaps these same people should just keep their money in the bank. Of course, with the potential problems of Y2K that may also be risky. There is always the mattress, but then your house could catch fire or you could be robbed. IMO, MINE is going to succeed and surprise many people, but not tomorrow or next month. It is just going to take time. In the meantime I'm holding long. I am disappointed in the apparent decision of many of the long time posters to cease posting on the thread and hope they will reconsider. The "newbie bashers" are classic and always seem to appear when a thread attracts attention. A simple "next" is all it takes. Best always, Marty

To: CIMA who wrote (12290)	8/16/1998 12:29:00 PM
From: rjbac	Read Replies (2) \| Respond to of 34075

What are you dreaming? The SEC is much more than "just a concern". Also, if the reports and press releases are puffed up hype and cannot be verified then IMO GE loses all credibility and the party is over. I never said there wasn't any gold but I do take issue with this company issuing press releases stating huge claims with no facts/reports to back it up. Now, since the owners have been charged with fraud, hyping and pumping, and this firm issues press releases without facts I think any rational investor has to think S C A M...

To: CIMA who wrote (12290)	8/16/1998 1:26:00 PM
From: rjbac	Read Replies (1) \| Respond to of 34075

CIMA, To follow up on my message since my system went down.... I have always said there is gold in Bolivia and probably on this property, but is it 1 oz or 200 mil oz.'s,and just as important can it be extracted economically. I have no idea and either do you. Now for your harsh words that I have slandered someone I strongly beg to differ. I have stated the facts, SEC "charges" against the owners of MINE and Hyped press releases(no verifiable reports to back it up). I am not looking for my posts to meet with your "approval" or for you to deem me credible. But I will tell you that the personal attacks, the verbal abuse is "slanderous" and "you" should be careful in the future... Bac