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

To: Cytotekk who wrote (14920)	11/20/1998 7:24:00 PM
From: JS	Respond to of 34075

This is going to be a long, difficult road for those among us who have decided to go for broke (excuse the pun)! However, I must tell you that it takes a very long time for a junior to go from exploration to production. There are many amongst us here who expected a quick jump in the price hoping to short circuit the whole testing and reporting process. That's just not possible in this low gold price environment. Gold is in a depressed state and so are most gold stocks. Good times make even the most incompetent manager look like a hero. The opposite, is equally true, bad times make even the best mangers look like bums. I'm not trying to excuse GE for their incompetence and maybe even fraud(alledged) but there are other circumstances affecting this story. Obviously, we're about to enter a very dark period in this company's history, in fact they may not even survive. But let me repeat what I wrote to a fellow fund manager, when discussing another potential SEC action against some other company that we were looking at: There are literally thousands of companies that are being investigated, even fined by the SEC and then continue to thrive and prosper. In fact, one of the biggest problems that the SEC has, is uncollected fines running into the hundreds of millions of dollars!!! Finally, let's remember that this stock is pure speculation and as such, falls in the realm of BEING EXTEREMELY RISKY! If you want a secure gold stock then buy Barrick or Anglogold etc. They've got the gold already and their price will appreciate if the price of gold ever decides to finally move above $300. for good. Just my humble opinion Regards, Joe