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


To: JACK R. SMITH JR. who wrote (8659)11/28/1998 9:01:00 AM
From: Zeev Hed  Read Replies (1) | Respond to of 14226
 
Jack, my dear friend, one thing I never practice on these threads is "gloat over (y)our demise",. I have commented on many stocks where I saw catastrophe in the making, but sprinkling salt on open wounds is simply not my style. I derive no joy from seeing people savings evaporate into thin air.

As for Dennis personal impressions, I have no doubt to the authenticity of these impressions. Unfortunately, enthusiasm at the mill is not yet an indication of their having "frozen" a repetitive and systematic extraction process. While the technical behavior of the stock might indicate here the possible formation of a double bottom at $.23, I have yet to see indication of major buying interest in the stock, thus my bearish posture stands.

Zeev



To: JACK R. SMITH JR. who wrote (8659)11/29/1998 11:50:00 AM
From: Laser  Read Replies (2) | Respond to of 14226
 
Sadturkey Jack,

PMFJI, but I would like to offer a third possibility to the following statement:

>>> "This company represents one of two possibilities--It is either a complete "scam operation" as we have heard from many--Or it has true merit as a worthy mining investment?"<<<

I submit to you the possibility of the process not being economically viable ( a third option). What we have seen so far indicates that this possibility is a strong one. The Sabin shipments and the unreliability in the plant operation all lean towards this end. There has been a fair amount of hullabaloo about Mike's prior experience as the much needed missing link to the operation. To date, I have not seen what specific projects in the area of DD R&D, Mike has to his credit. I am looking for some positive fundamental change to Globals' extraction process, so far, I am quite disappointed.

BTW, a belated happy Thanksgiving to one and all. :).