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

To: Zeev Hed who wrote (7258)	9/8/1998 11:29:00 PM
From: Ed Fishbaine	Respond to of 14226

Zeev It is a mystery as to why the shares seem to be locked in a tight range for the past couple of weeks. My speculation would be that given the demise of all the other desert sands companies Randall Brubakers idea has considerable merit, namely that Canadian shorts who cant make a penny on the upside in resource stocks are playing the short side. These fellows are probably not well-informed, despite the general belief that short players do their due diligence very carefully. They have seen IPM go bust from $14 and Naxos at pennies from over $10. Maxam too has been decimated. Why believe GPGI is any different? Global has also been pretty deficient in its news releases with contradictory and insufficient information as well as anticipated results hanging in the air without resolution. This results in a great deal of skepticism and lends credence to the shorts convictions that the company is not for real. It feeds the shorts. And possibly it has resulted in some long term longs getting out as well. There has been much doubt and dissapointment, to put it mildly, in Jensen's management. I know some longs who have abandoned the ship because of their dissatisfaction with his mom-pop operation. The company has not generated an image of professionalism. On top of this shills such as Laser are put to work to bad mouth the company and pick out every possible uncertainty about the company as well as to distort what is actually in the news releases. In a sense his presence is a comfort. It suggests that the short boys are running scared and they have to sic guys like him on the company. Should the shares really start moving up they will take a severe hit. I suspect that their accumulating short position is a possibly desperate effort to protect their exposure. The believers in GPGI, despite managerial deficiencies (and I am one of them) are largely well-positioned. There is no new blood. There is no brokerage sponsorship. The company spends hardly any money on PR. Who pays attention to the positive developments we are seeing? I am really surprised at the buying lately more than at the selling. Who is buying with the recent volume so high? But---- wait till the numbers start coming out in the not too distant future and we will see what we will see. Regards, Ed

To: Zeev Hed who wrote (7258)	9/8/1998 11:32:00 PM
From: Randall E. Brubaker	Respond to of 14226

Zeev: It COULD mean that the news hasn't been traded on yet, since DeNoble's post here wasn't until after the market closed. It does happen on occasion.<g> Randall

To: Zeev Hed who wrote (7258)	9/9/1998 2:02:00 AM
From: Laser	Read Replies (3) \| Respond to of 14226

Zeev, The "red flag" was the failure to publish the amount of payment received for the shipment. It must have been a small amount, otherwise they would have released the figure and scored some brownie points. The release contains a lot of "spin". Take the following for example: "Assays of shipments 3 through 6 show profound increases in the quantities of metal present in the resin." An increase from what? When they do not publish the results from the first shipment, where is the benchmark? You think the news is excellent, based on creative wording; I want to see some numbers that we can crunch. I do love that "profound increases" stuff though. ;)