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

To: Zeev Hed who wrote (10221)	4/20/1999 9:45:00 PM
From: JACK R. SMITH JR.	Read Replies (1) \| Respond to of 14226

Zeev, I suspect that Mr. McKay is funding the production and I suspect that he is seeing enough progress to fund operations until the checks hit the bank. What the agreement between Mr. McKay and GPGI are on reimbursement for those expenditures, I know not. His involvement gives me hope that all is not lost. He is down there with his shirt sleeves rolled up and perhaps he will yet save us all who are invested here. He has my vote for whatever position he wants. All know my view of management and there is just too much loss of faith for me to ever recover it. Some change is a certain necessity. I would vote for an honorary position for Jensen as long as he gives back the shares in question. Frankly, the promotion effort here without tangible receipts will probably lead not to credibility and success, but to furtherance of the present situation. GPGI has gone to the well much too often with the "pie in the sky" figures and no production. They have often promised production, but that has not been brought to fruition. My thought would to be to concentrate on production and certainly 21 shifts are not required at first. I wish not to second guess those who are on the ground and making the decisions, but the market will reward even small progress here and lets do that! A grand promotion here smacks of an opportunity for distribution and I do not like that. Lets get production first, then blow the horn!! Hoping for progress, Jack!