Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Geoffrey J. Hay who wrote (10217)	4/20/1999 8:26:00 PM
From: Zeev Hed	Read Replies (2) \| Respond to of 14226

Geoff, that is exactly what worries me, we are relying on production to start yesterday and ramp to 20 shifts per week, but you know we will not get paid by Sabin for at least three months, so what will it cost to run the next 360 shifts before we get a penny and who will foot that bill? Something does not jive, either we do not ramp up or we get massive dilution, or we have a miracle in which everyone at the plant will work for peanuts or less and wait for payday few months down. As far as I know, GPGI does not have the cash to operate 20 shifts/week, they do not have enough electrolysis tanks for that either, nor do they have the smelting furnaces to do that. You operate these furnaces at this rate and you find you need to relign them quite rapidly. In the last few weeks we were told that we desert Hassy and then go back and frankly, if we go into 20 shifts per week, there is no practical place to do that but Hassy, but I thought Hassy was dead? So what is really going on? Where is the money coming from, how many electrolysis tanks we have, how efficient are these, do we really have a stable process we can count on? I take it that during the onion peeling process the ionic exchange columns have been quietly thrown to the wolves. All these unanswered questions lead me to believe that what we see is nothing but smoke and mirrors, and until I see a rational explanation, I feel it is my duty to tell it as I see it. Flames are welcome. Zeev