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: Ed Fishbaine who wrote (7046)	8/24/1998 5:38:00 PM
From: Zeev Hed	Read Replies (1) \| Respond to of 14226

Ed, you might have found your "evil forces". You mentioned that GPGI is still selling some 144 stock to finance day to day operation. True, these shares cannot be sold at once, but if those forces are indeed "evil" they know how to use the "dark side" and short through f shores outfit. You cannot blame GPGI for that since they should be happy that someone is advancing them cash, but the evil forces on the other side, are more interested in making their 20% or so in few weeks than wait until GPGI finally triumph. In any event, whatever the source of selling, there is definitely selling and for GPGI, heavy selling going on, and we are probably going to see new lows. Under such circumstances, you might have a phenomenon of "selling begot selling", so hold to your chair for a ride. The XAU flirting with its recent low surely does not help matters much. Zeev

To: Ed Fishbaine who wrote (7046)	8/24/1998 5:49:00 PM
From: Chuck Bleakney	Read Replies (1) \| Respond to of 14226

Sorry, I think that I probably confused you... I should have said "stock price" instead of "they"... I expect it will be like most with a lot of fits and starts to make it interesting. I agree with you that "production" will probably be slow and steady. Define a "tiny" amount of Platinum, Rhodium, etc... grams, ounces? In any event it has to be some measureable percentage of the "melt"... whatever it is, that value sits in the pipeline until it is recovered, and its a cost of doing business while the pipeline is being stuffed or expanded. I don't see how it can be particularly cheap unless the actual amounts inquarted are a very tiny percentage indeed. They're not called precious metals for nothing... Unless they've got a bunch of this stuff stockpiled (unlikely) then it's gotta be expensive to stuff that pipeline. So they can't sell off shares to finance their current goings on??? If they're sure they have the problems licked it would be a short term prospect that would reap long term value for the rest of their holdings... not a bad tradeoff. Someone's making those shares available at what seems to be bargain prices. Who else would have an incentive to do this??? I guess that's the other million dollar question... Chuck