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


To: Jeff Williams who wrote (7752)10/2/1998 9:27:00 PM
From: Chuca Marsh  Read Replies (2) | Respond to of 14226
 
In the early seventies, befor computers ran companies functions, People did. Piles of paper, and hands to move em to the next stack, box, drawer, cabinet. Now, it is disks and tape or CD even storage devices, and time is still the main commodity. The insurance company that I worked for then, the Continental, owned other companies like Dinners Club and an obscure one called INSCO- a Time Study Company. All Insurance Company pens, said; " Ideas Wanted For a Better Way- We'll Pay!" I have one kicking around. I think I will send it to Mike McKay. The concept is as valid now as back then. I actually had such a time studyt watcher sit beside me and ask questions durring the day. So, what happened, I have no clue. But, back then- I didn't need to know in the first year of working as a paper pusher.
Chuca
P.S.- I think this is on Topic.



To: Jeff Williams who wrote (7752)10/2/1998 10:47:00 PM
From: d:oug  Respond to of 14226
 
Jeff, ok, and like others I will wait and watch, and maby buy later.
You put the confidence level of those running GPGI in the high optimistic
range simply because they have informed you that a manual has been
created so as to control events in a positive way. You also mention
that this is new stuff with a lot of things to try and learn and
measure. I have no idea the events between start and finish, as in
claim the dirt and receive a check in the mail for precious metals.
But in the last couple days a manual was created to now be used.
The progress report just posted by Mike told me that the problem was
identified and acted on and resolved. That was quick for all those
steps. If it was this quickly done and only an initiative by management
was required, thru a drop in stock price, then who let it happen, as in
no strick procedure and accounting being done. Maby my point is that
the same people are running the show, and only doing things differently
because they got a black eye type hic-up. My point is a simply one,
current GPGI management thought that they were correctly running the
company prior to the hic-up. Now the same people are still running
the company, and again think that they are correct in their ways.
Lets count all prior hic-ups, to this last one as one, so now current
managers are at bat with two strikes against them. One more strike
and they are out. I hope it don't happen simply because I want the
desert dirt story to happen. But if three strikes happen, I hope its
not the end of the game for GPGI. Managers come and go. Don't confuse
them with the company. Protect your investment as owners. When the
management is also big owners, they will first protect themselves as
managers thru being owners.

I am NOT suggesting that current management are bums.
I am NOT suggesting replacing current management.
My post here is like that of the Dubild cartoon, tounge in cheek.
I am simply saying that GPGI management gave a pep talk to workers,
and GPGI management thru Mike gave a pep talk to the GPGI thread,
and optimistic GPGI threaders gave a pep talk to the GPGI thread to
support Mike's pep talk.

The GPGI work site is where things happen.
As Zeev says, the laws of physic and nature rule, not pep talks.
This GPGI work site will give a progress report soon.

Doug



To: Jeff Williams who wrote (7752)10/5/1998 5:59:00 AM
From: d:oug  Read Replies (2) | Respond to of 14226
 
Jeff, I want the McKay program to be successful simply because I want to
invest into GPGI. In my option, most likely the stock price will drop to
a value that will call out to me "buy me" before GPGI can post onto their
official web site results that can be translated into profits from an
extraction process. I would rather buy in sooner than later, eventho I
realize that the price may level off until news is released. The current
price, to me, is a bargain considering the multiples possible if the price
of gold goes up and GPGI really fullfills its hype.

So, please help me gage the situation by answering the questions I put
below. If those items in Mike's post come true, then its buy time for me.

I copied a summary, and following this are my questions.

To: Mike McKay, From: Mike McKay, Thursday, Oct 1 1998
To All: I have just returned from my visit.
Has all the equipment ordered in August been delivered? No.
What is the interim target?
50-ton per day capacity in all facets of the operation.
The interim target date is not later than October 9, 1998.
The objective is to have the plant ready to go to a 50-ton
per day production mode as soon as we get government approval.
From a technical point-of-view the system, methods, etc. work.
They work to the extent that at 50-ton per day we would be able
to pay all direct, indirect, head office costs and equipment
replacement costs and still produce a very significant profit.
In my proposal to Mr.Jensen I am recommending that a 50-ton trial
be initiated as soon as we have government clearance.
This 50-ton trial would be reported in detail with respect to cost,
profit, etc. and used to be used to validate our process manual.
My best to all.
Mike McKay

My questions of the above, follow:

(1) Interim target = 50-ton per day capacity by October 9.
(2) Objective = plant ready to go to a 50-ton per day production mode
as soon as we get government approval.
(3) 50-ton trial be initiated as soon as we have government clearance.
(4) The equipment on order, is it needed to execute (1), (2) or (3). ?
(5) Is the government approval item the same as the government clearance,
as in do these two reference the same object ?
(6) The government approval/clearance points to what specifically ?
Where in the system are these currently ?
Is there an estimated time for approval ?
(7) 50-ton trial will be reported in detail... (where, when ?)
(8) Mike McKay also had in his post "For my part and my fellow investors,
our funding commitment to Mr. Jensen remains intact."
Is the funding commitment a reference to buy more gpgi shares ?

Doug