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

To: Joseph T who wrote (8319)	11/9/1998 9:42:00 AM
From: Zeev Hed	Read Replies (2) \| Respond to of 14226

Joseph: I'll try and answer some of these questions, but you should understand that my responses are all conjectures, I have no more knowledge on GPGI then the rest of the posters on this thread. A) shorters moved in on GPGI (corralation in price decline and certain new posters in the last year). If there are any "shorters", I doubt this is done in US based accounts, I would surmise that shorting is probably Canadian, if indeed we have massive shorting. B) Big corporate mining intersts intent on GPGI demise. I doubt this is the case, big mining interests rarely engage in destroying a potential competitor, it would be cheaper to buy such a competitor out. If big mining interests believed the DD story, they would have made an offer at twice the then current price and still have to pay less then $50 MM for what seems to be a big story. I think that the big mining interests do not believe the DD story at all. C) A flood of disenchanted or unknowledgeable shareholders selling. That is quite a possibility, since I started following this stock, the story has always been future hope, but no delivery, thus big holders could be disenchanted, but one would think that by now this source of stock has been exhausted. D)Other ? Yes, it could be others, one source could be, indirectly, the company itself. Dick Jensen has been pretty good at raising private funds to keep GPGI afloat. I would presume this was done via private placements, with possible restrictions. I would not be surprised if some of these restrictions could be "circumvented" (for instance through the Canadian markets) and stock bought at a discount from GPGI put back into the market at their current price, kind of a leaky floorless situation. I have no idea if that is happening or not, but the stock behaves very much like a leaky floorless is in place. This could be a "constant" source, where shares are sold almost continuously" and put back in through the Canadian door. One way to find out is to see the if we can find if the number of shares is increasing. Other Question : In the assumption that Mike McKay is an astute business man and investor with valid mining credentials , doesn't the fact that he has put substantial personal investment of time, money and time away from his family to see GPGI to its fruition a reason to have enthusiastic hope . It sure looks as if Mike has committed substantial sums (my count from his first posting indicates three injections of "six figures" or a minimum of $300,000, which is a good chunk of the current annual burn rate of GPGI.), it is not impossible that Mike has made a "bad" personal business decision. If you want to "coatail" with Mike's business decision having only half the information Mike has, that is fine, but is absolutely no guarantee that it will be successful. There will be a point, IMHO, where he either succeeds or decides to throw in the towel. I have no idea which it will be, and frankly, I am not sure he does either. It is a very large gamble (a gamble in which his $300,000 could turn to either zilch or more then $30 MM) and I am sure he has the wherewithal to take on such a gamble. Zeev