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Gold/Mining/Energy : Golden Eagle Int. (MYNG) -- Ignore unavailable to you. Want to Upgrade?


To: James E Lynch who wrote (13651)9/29/1998 1:45:00 PM
From: larry hart  Read Replies (2) | Respond to of 34075
 
colleen and jim

I know the panic is selling of large shares but who in there mind is buying this stock right back up?????

who is buying the shares?? any comments

i bet 1 mill shares traded and end of day

larry



To: James E Lynch who wrote (13651)9/29/1998 2:43:00 PM
From: normy  Read Replies (2) | Respond to of 34075
 
James, CHudson, Coleen - the proven value is exactly what is in question. The 6+million ounces quantified were "proven reserves."

the press release claimed proven gold reserves of 6+million ounces, and inferred resources of 157+million ounces.

the 8k clearly states that "the term 'reserves' may be an inaccurate characterization of the mineralization found on the Golden Eagle properties in the Cangalli district." this in my mind means that above all the proven value is in question.

in essence, GE is finally admitting that Guido's sampling program was insufficient to be used to make such aggressive statements regarding the potential of the deposit.

toma

p.s. to refresh you memories on what might have been sufficient, i refer you to this ancient - by this boards standards - post from claude cormier...he may be quite right but the concept is right on...

Message 4651383