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

To: Jafco who wrote (7172)	9/1/1998 5:46:00 PM
From: Randall E. Brubaker	Respond to of 14226

Joe: I surmise that if anyone has been trying to make money by shorting GPGI into the dust they are sweating a bit now. I'm guessing that quite a bit of shorting would have been necessary to overcome the several instances of good news that have occurred, and now such a position has become large and cannot be exited without moving the stock up substantially. The only way left out is to continue to drive the stock down, and hope that GPGI goes into chapter 11 because they have run out of money and can't get more. After witnessing IPM, NAXOF, CHIP, MXAM, etc. plus GPGI's failures with Consolidated Noble and Auric, I can see this might have looked like a good bet several months ago. As for now, we should know soon. As I understand it the company is up to six shipments in the pipeline. Even if the first one isn't so great, the later one's might be. All the above is my own personal speculation, based on no more info than what we see on this thread and news releases. For all I know, no one is short anything. I have heard of instances where Canadian brokers have driven companies into the dust in the same manner as surmised here, however. Randall

To: Jafco who wrote (7172)	9/1/1998 9:55:00 PM
From: Laser	Read Replies (1) \| Respond to of 14226

Mr. Jafco: I'm not here to chase Global into the ground. I'm just a little guy with not much clout. I'm just trying to make a buck, just like you, only my bets against the company developing a viable mining operation. The scale of operation is too small and costs too high, pretty simple don't you think? Yesterday, you pointed out to me that Global was a platinum producer, fair enough, do yourself a favor and check out Stillwaters' latest 10-Q, dated June 30/98, and note their cash costs per ounce of production. Quite a bit lower than what Global is projecting.