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

To: Anthony Zack who wrote (7799)	10/6/1998 12:27:00 PM
From: Randall E. Brubaker	Read Replies (1) \| Respond to of 14226

Tony: All of what you specified sounds right to me. Isn't this what the people already at the mill are there for, however? I am troubled by the perception that Mike McKay is the answer, and those at the mill are otherwise helpless. While Mike's contributions are greatly appreciated, management in absentia is not going to assure success. I keep wondering if the perception on this thread of what's going on is deficient because there is more going on at the mill than is practical for the company to share in news releases. I hope that this is the case. It should be! Randall

To: Anthony Zack who wrote (7799)	10/6/1998 12:53:00 PM
From: Ed Fishbaine	Read Replies (2) \| Respond to of 14226

Tony >> While Mike McKay's skillset will speed up the development of the production process, I am looking to management to realize that he is not the answer. We need a dedicated test engineering resource at the millsite to be the guardian of the evolving production process. << I agree with you that management is defective but what makes you believe that McKay cannot fulfill the requirements that you list? This is an evolving situation. Should it emerge that constant monitoring beyond the time and skill available from McKay and Twiford is necessary why will this not be implemented by McKay? He has the necessary background. What you may not realize is that the company is gradually being switched from a mom and pop operation, with all its limitations and defects, to a professionalized operation. This does not take place overnight. Its a transition. Many changes need to occur and will occur stepwise. De facto, not dejure management is being transferred to McKay. There will be various upgradings including a more systematic way of dealing with governmental regulations and obviously the necessary upgrading of the clearly deficient current public relations situation. While the share price erodes because there is limited transparency about the positive underlying developments going on, this will change in time as two events gradually emerge. First, of course is the forward movement of the recovery process as the mill operation improves. There may be backing and filling as this happens but the direction will be positive. Second, is the necessary correlate which is an adequate investor relations program and a pr program which disseminates the story. The company has to become professionalized in this regard. I doubt that a specialized engineering resource, as you put it, is needed. The recovery process is not going to be as complicated as Richard and Zeev have apparently convinced you that it will be. Regards, Ed PS What I mean by limited transparency is that the company does not issue clarifying statements to shareholders about what is happening. There is severe deficiency in accurate communication with shareholders and along with the problems there is probably positive news. They do not know how to tell the story and this has IMO a lot to do with the share price erosion.