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Gold/Mining/Energy : Global Platinum & Gold (GPGI) -- Ignore unavailable to you. Want to Upgrade?

To: Ed Fishbaine who wrote (7022)	8/19/1998 4:54:00 PM
From: francis terry	Respond to of 14226

ED: Touche' Francis Terry

To: Ed Fishbaine who wrote (7022)	8/19/1998 8:49:00 PM
From: SnakeInATuxedo	Read Replies (1) \| Respond to of 14226

Harry is the buzzard in the famous cartoon saying to the other buzzard: "Patience, my a##! I want to kill [something]". $^)

To: Ed Fishbaine who wrote (7022)	8/24/1998 5:06:00 PM
From: Ed Fishbaine	Read Replies (1) \| Respond to of 14226

To all: On schedule shipment number 5 was sent today. By the middle of this week 4 new resin columns (previously announced as on order) will be installed and the shipment 2 weeks from today will be double the current shipments. There is a determined seller in the market. Zeev thinks this may be someone who knows something we all do not know. This is hard to believe. We do know that shipments are being made regularly. Does the seller believe that they are small, with low metal recovery and not commercially profitable? How would he know that? We do know that the shipments are sizeable but we do not know what the returns will; be from Sabin. The assay numbers are very favorable and suggest that the returns will be profitable. There is no inside knowledge about what the returns will be. If the selling is occurring with the belief that the returns will be poor this is a bet without substance. Actually the odds favor successful returns. So a rational seller IMO would wait at this moment for some definite indication of results. Is the seller irrational? Maybe Alternatively, the seller could be a thoroughly frustrated, disllusioned fellow disgusted with GPGI who has given his broker orders to get out at the best price without banging the market down. He pays no attention to what is happening in the company. Again, alternatively, it could be market makers shorting the shares as they are wont to do as part of their game. I think that if this is so GPGI will be the one in ten on which they lose heavy. Or could it be Niemuth and Company, terrified that Arizona will show platinum production, who are despearately shorting, or have enlisted some misled investors in their cause (the dark forces). My best hunch, for what its worth, is that with the entire sector severely down, some seller(s) simply do not understand what is happening at Global. They do not believe that the shipments are being made or that the company will become profitable. In truth there have been too many premature promises and so there are inevitably some who will never believe whatever Global says. They will be doubters no matter what results emerge. Even if the results support a significant move up by the buying of many on the sidelines who believe the positive reports, this current seller(s) will still be supplying stock until he is sold out. If this is the case so be it. The shares may still retreat from here, but again IMO not for much longer because we will soon have the early returns. I believe that we will have some reports on gold from Sabin by mid September. Don't expect big numbers at first, but do expect increasing numbers as we go along. I think that by year end you will be hearing about shockingly high numbers. Regards, Ed