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

To: Ed Fishbaine who wrote (7145)	8/31/1998 2:48:00 PM
From: Zeev Hed	Read Replies (1) \| Respond to of 14226

Ed, here I agree with you, buying back shares is nothing but a "tax free" dividends. I think, however, that we are a little premature, all cash generated, would have to go to support working capital (it takes them between 3 months to six months probably to get paid, since some of the goodies take more than 3 months to refine (rhodium, for instance). They also must think about getting the production to a higher plateau like 500 to 1000 tons per day before they spend money on buy back, don't you think? Zeev