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

To: Richard Mazzarella who wrote (7115)	8/28/1998 1:09:00 PM
From: Ed Fishbaine	Read Replies (2) \| Respond to of 14226

Richard, Randall offers a plausible explanation for the pressure on GPGI. In addition to the possible conviction of Canadian brokers that GPGI is just another desert dirt and will join the others in the debacle there is also the possibility that Slanker and the Northern Miner people have some input to the short sellers. If there is short selling I hope it is Slanker and Company who are providing the ammunition. This would answer your observation that short sellers are very smart and do careful research.. Slanker and the Northern Miner boys are not smart. They have a distinct agenda, as do all of the Canadian exploratory companies, which is to destroy any possibility of desert sands as a source of metals recovery. I seriously doubt that short sellers would be betting on failures of the resin process, either in terms of costs, or refining difficulties at this time when the answer will be in so soon. Why would they not sit poised to sell if the news was bad rather than chance it that the news will be good and thereby create buying pressure? With the recent report on the successful assay results they would be making a very risky bet that the recovery proces will fail. If there are these shorters I dont think they are of the very smart variety. Therefore, contrary to your position I hope the selling is shorting. The need to cover will provide upward momentum when the normal buying starts. But I still believe that there is a seller(s) with a sizeable long position who wants out and has instructed his broker to take advantage of any strength to liquidate. This happened just after McKay1s dynamite post which created a lot of buying. Regards, Ed