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[sharechat] GPG

From:	Osbert Sun <osbert.sun@xtra.co.nz>
Date:	Sat, 08 Jan 2000 19:04:34 +1300

GPG currently has a cash backing of about $1.00 per share ($500
million for 470 million shares issued) with NTA nearly $2.00 per
share. At the latest trading price of $1.50, it has to be a
bargain. I have bought a small package taking advantage of the
recent weakness of the stock. Sooner or later some capital has
to be distributed back to shareholders unless the management is
able to identify major strategic investment opportunities within
the next 6 months (or sooner).

Osbert Sun


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