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

To: Tim Davies who wrote (14188)	10/23/1998 9:14:00 AM
From: CIMA	Respond to of 34075

By: BullionBill Reply To #2906 by wcf Friday, 23 Oct 1998, 3:54 AM EDT Post # of 2910 This stock is not trading on the CIMA Trip. MINE is and always has been a speculative stock play. Nothing has changed. Bolivia is the new frontier for gold mining and those who speculate in its future. When El Nino hit South America the price of MINE dipped to a nickel because speculators lost patience as it appeared production/verification/earnings would be delayed. Did that weather phenomenon affect the amount of gold in the ground? Some players have a short term horizon, and express their impatience through trading activity, and fold at the first sign of doubt. . Some put their money on the table and wait for the last card to be dealt. The game is alive. Many high rollers have suspended operations in one of the richest areas of mineral wealth in the free world. But they have not pulled out. They are waiting for favorable market conditions to jump back in with real capitol. GE is a player in this game. SunRiver is a player. Are you? Before the CIMA trip, if counted myself among the mushrooms: Living in the darkness, the heavy shadows of doubt, the vacuum of no news, listening to the the fearsome sounds of the knashing of shareholders teeth in the night. What has changed here? Now we know that Behre Dolbear has indeed arrived upon the scene, to complete and satisfy the demands of the SEC regarding Guido's report. GE Bolivia has sent completed financials to Denver to be filed shortly. Progress is being made. The mushrooms are finally being fed. But that does not necessarily transfer into stock price movement. Remember, these threads represent a very tiny fraction of the money moving in and out of MINE. And the big movers and players do not base their decisions on what is said or not said here. Some guess or predict the outcome of the BD report. They are much bolder (or more foolish) than I. But basing your buy/sell decision on that speculation is in MHO a big mistake. You shareholders have waited this long. Does it not seem reasonable to wait to read the financials and BD report b4 you drop out of the game or raise? But, then, if you do not have the stomach to wait for the cards to be shown, maybe you should move to another table. That is your choice. Make the decision. CIMA fund investors sponsered this trip to gather information to help in making investor decisions. The report to them, (which is not an easy one to compile) should aid in reaching an intelligent, or balanced conclusion. But there will be no buy/sell rec or even hint as what to do here. And consider this, there is no hurry. The facts/news that will move this stock can only be forthcoming from GE Int'l. and its respective filings and report from BD. We have some time between now and then. There are a couple of things regarding the trp that are important to mention here. One: When we arrived at the GE hq, Mac Dolozier presented us with a letter from CEO Turner welcoming us to Bolivia and to the Corporate HQ of GE. The offices were quite impressive by any standards, especially Bolivian Since we were there on a holiday, the office was not exactly humming, but it was clear that the many aspects of research, study, politicking, and general professional corperate functions was being carried out there. Fund contributors should expect visual documentation of such. The caveat was that all parties expected to attend from GE were not there. When I ascertain the reason for it, it will be posted here. Second: This trip would not have occurred, or at least been nearly as productive, without the time, effort, generosity, hard work, and seriousness of the principals of SunRiver from both sides of the equator. Tomorrow I hope to post my appreciation on the SUNR thread. But in closing, i would ask this: Put personal prejudices and animosities to individuals who have all worked towards developing the richness and the resources of the Tipuani aside. Lets all get down to business here. The petty charges and rumor mongering related to investors, officers, 'insiders' of either GE or SUNR will get you nowhere. Partly because it is 99% BS, and partly because it is highly unprofessional and immature. And, I also (in advance) thank everyone here for your patience with my long windedness, and the wait for the complete report to come with sights, sounds, and yes, thrills of the trek to Incan Gold. Later....Bill