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Re: basserdan post# 178255

Saturday, 12/06/2003 3:53:44 PM

Saturday, December 06, 2003 3:53:44 PM

Post# of 704044
Basserdan:

<<"Nice little company. In fact, back in the late 90's many of us got together and actually sent 2 people to South America to visit their little scam. Jim Bishop (SI/The Golden Lists) was the perpetrator who organized the deal.

Suffice it to say it turned out to be somewhat of a bust as far as getting info was concerned as one of the people who visited did not fulfill his obligation to bring back the data we were looking for.

How convenient! That admission only causes me to think that you and your 'group' may not possess the ability to make basic assessments and/or character judgements. Strike one!>>

No strike out here. I don't work with groups and my ability to make basic assessments and character judgements has done me well thoroughout my investment career.

<< The ONLY good thing about the company itself was that it was halted from trading for 10 days as the Naz thought it was a scam. (I guess everyone knows now) This created some incredible publicity and when the stock reopened it was trading at about 5x + the price it was when halted providing a very nice ROI for those of us who sold that morning <vbg>.

So "the Naz thought it was a scam" but only "halted it from trading for 10 days" which tells me they found no basis of fact in your allegation. LOL! Strike two!>>

No strike out here Basserdan. The Naz was too lazy to make the trip to Bolivia for verification as they are also too lazy and unwilling to stop trading 100s of other stocks which are/have been noted to be scams to save face with investors.

<<"As for their operation and the amount of gold that it will produce, I'd have to believe that the bullion holdings in AU by a couple of members of this board greatly exceeds the entire real (true) production one could expect from MYNG over the next decade."

Cool! I'm happy that your board members are so well heeled.>>

So am I!

<<Personally, I think you are FOS and I hope you get a major hurt from your short position when MYNG makes new highs.>>

Dream on. I have about as much of a short position in MYNG as I have a long position in Bre-X.

<<Fwiw Gary, I'm only looking for Golden Eagle to provide me with a 5 bagger so I really don't desire to continue this exercise in futility with one who is so obviously biased as you.>>

When was the last time you coughed up any cash to send 2 people 6,000 miles, expenses paid, to examine a stock in which you had an interest? Or, do you just read what the company says in its press releases and filings and believe them?

<<How you can know that they won't find additional mineable reserves on their 127,000 acre Precambrian asset in Eastern Bolivia or on their 74,000 acres in the Tipuani Gold Mining District located in western Bolivia is far beyond my comprehension. Perhaps you should go back to Yahoo! Strike three!>>

I don't believe you will find any of my posts on Yahoo. Not at least for several years. And secondly, where are they going to get the cash for exploration...out of the $1.0-$1.5MM they MAY annually net from their present endeavor? Perhaps they can dilute by another 500,000,000 shares or so to raise capital. Afterall, this year they only diluted by a measly 150MM shares.

( Number of Shares Dollar Amount Per Share Price @ Type of Consideration Securities Issued

2003
1st Quarter 5,034,174 $525,351 $.10 to $.15 Cash Common
12,264,456 $2,281,189 $.186 Stock Option Common
3,066,083 $596,381 $.12 to $.255 Service Common
100,000 $23,500 $.235 Financing Common

2nd Quarter 4,661,666 $420,550 $.09 to $.10 Cash Common
4,131,667 $669,820 $.16 to $.18 Service Common
3rd Quarter 6,720,706 $544,703 $.08 to $.09 Cash Common
868,823 $147,700 $.16 to $.18 Service Common
116,855,400 $3,703,774 $.03 to $.16 Debenture
133,000 $22,610 $.17 Property Common>>


That should be great for investors, shouldn't it? Possibly they will be bought out by NEM or some other big company wishing to add 6,000 to 8,000 ounces per year to their production. How much of a premium would someone pay for a company that is currently valued at almost $100,000,000 that nets less than $1,000,000 annually and already has one of/if not the lowest costs of production of AU in the world?

<<These are my final words on the subject and if you're smart as you seem to think you are, they will be yours as well.>>

Will you keep your word?

<<Were I you, I would cool it with the "scam" word. You must not be up on the latest legal precedents either!
Do it again and I'll gladly send our 'correspondence' to someone who will be infinitely more interested in your BS than I am. Kindly consider that a promise as opposed to a threat.>>

Please brush up on your basic reading comprehension skills before making a "promise". Also you might want to take a look at the finacials and notice how Ms. Turner and Mr. Erickson have been flipping shares at retail to pick up options at wholesale without investing a penny. That is a sure sign of a legitimate operation.






















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