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Re: Jim Bishop post# 298

Wednesday, 11/20/2002 6:18:18 PM

Wednesday, November 20, 2002 6:18:18 PM

Post# of 8638
Yup, Inoticed a bunch of things, including that the equipment value went DOWN!! Must be renting all that junk.

How about this:

"For as long as the Convertible Debenture is outstanding, GEII and its subsidiaries are prohibited from incurring any future indebtedness which is senior in any respect to the Convertible Debenture. This provision will require that GEII obtains Mr. Pfeffer's consent prior to incurring any secured indebtedness in the United States or in its Bolivian operations."

So they cannot make the deal with Comibol unless Kevin agrees! Do you think that has been the problem all along??

I giggle at the costs to produce about one kilo of gold!! With this much overhead there is no placer miner that can make a profit with one claim running.