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

To: Zeev Hed who wrote (7763)	10/3/1998 11:15:00 AM
From: Harry Roberts	Read Replies (1) \| Respond to of 14226

Another thing to consider: One of the reasons for the continuous selling, (if you don't buy the short theory, which I don't), is that Robert made the company fully compliant (as opposed to fully reporting, which is completely different) in late April. Why is this significant? According to SEC rules, restricted stock cannot be sold unless the company whose stock it is is fully compliant with minimum reporting requirements. The fact that it was not in compliance for a year or more prior to April meant that restricted stock holders couldn't sell. Now they can, and do. Could it be that a major portion of the selling since April is just all that restricted stock getting dumped so that people could use the funds to buy Yahoo or whatever? If that's the case, a large part of the selling is probably over, and a falling general market cools the desire to invest in other stocks. Now, my question is, assuming a .34 stock goes lower, does anyone want to guess at the break-up value of company assets to a vulture buyer. I feel strongly the assets themselves are likely worth near .34 themselves. That is, at 23 million shares (guess), aren't the assets worth at least $5-8 million? Everybody take a chill. The story on this stock will not be complete for months...

To: Zeev Hed who wrote (7763)	10/3/1998 3:34:00 PM
From: Ed Fishbaine	Read Replies (3) \| Respond to of 14226

Zeev >>I am more worried about problems incurred from admixing different batches in the process so that follow up on a given process stream may become more difficult, and thus the opportunity of finding what are the critical parameters that determine the efficiency of extraction could be lost. << This is precisely what is being corrected by McKay. Not only did batches from various sources get mixed together, including the material returned from Noble metals, but, from what I understand, various quantities of resin were employed at various times thus not providing a systematic understanding of what works. It also seems that excessive quantities of resin were used which then results in a dilution of the pgms in a given quantity of resin and further results in lengthening the time for saturation of the resin. With pressure to make weekly shipments it was inevitable that weakly saturated batches of impregnated resin would be shipped. All this is being corrected. Again, from what I understand, there will be no pressure for shipments on a time basis. Shipments will be made when the batch of resin for shipment is demonstrated, by assay, to be fully saturated. If the above does not illustrate bumbling at the mill and inadequate management I dont know what does. I am calling the shots as I see them without the BS, hype and evasion. If some on this thread are unable to handle this its their problem. On the very positive side I believe all should be relieved that finally we have an acknowledgement of the mistakes ( otherwise why would McKay be welcomed and needed) and have an excellent chance of correcting them. I personally have not the least doubt that the resin process can and will extract pgms from the rich Global ore once the operation is running systematically and consistently. And I have confidence that McKay is the man to bring us to this point. Regards, Ed