SCHEDULE 14A

Proxy Statement Pursuant to Section 14(a) of the
Securities
Exchange Act of 1934 (Amendment No. )

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|_| Soliciting Material Pursuant to ss.240.14a-12

THE GOLDFIELD CORPORATION
(Name of Registrant as Specified In Its Charter)

eRaider.com Inc.
(Name of Person(s) Filing Proxy Statement, if
other
than the Registrant)

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Messages posted on Yahoo.

Re: A pile driver?
by: AaCBrown (44/M/New York City, New York)
06/14/01
08:58 pm
EDT
Msg: 4343
of 4419

Not so fast, there are still 15 to 18 million votes to count. I
haven't capitulated and don't intend to even if we lose the
election on all issues.

I sincerely believe companies do best when the owners are
watching. That means constant analysis, not once-per-year
electioneering. If the actions taken to date pay off, and the stock
price goes up, great. If not, I'll continue to offer new suggestions
and, if I think the board is rejecting good ones, see what the
shareholders believe.

In addition to that, there's a lot of work to being an activist
owner beyond analyzing the company and offering opinions.
Maximizing the stock price requires presenting Goldfield to
institutions and persuading them to buy the stock, or initiate
coverage or list it databases.

This isn't a pro wrestling match. A better analogy is a bunch of
people trying to build something. Each one brings either money
or expertise or both to the project. Everyone wins or loses based
on the entire project's success, there are no side interests. Of
course there's disagreement about exactly how to proceed, and a
democratic means for resolving those disagreements.

It may look a little contentious from the outside, but good work
is getting done. The company next door is a dictatorship in
which shareholders are afraid to speak out for fear of being
branded disloyal, subversive, publicity seekers or having ulterior
motives. Everyone works silently, there are no disagreements.

Which project do you think will be more successful?

eRaider is soliciting proxies for Goldfield's annual meeting.
eRaider strongly advises all shareholders to read the proxy
statement. If you want a free copy of the proxy statement please
email Aaron.Brown@PrivateerAM.com or write us at:

Privateer Asset Management
POB 20170
Park West Station
NY, NY 10025

Aaron Brown
Re: St. Cloud silver
by: AaCBrown (44/M/New York City, New York)
06/15/
01
07:53
pm
EDT
Msg:
4359
of
4419

When eRaider was first investigating Goldfield I had a
geologist look over all their mining properties. Through a
mix-up, he asked Patrick Freeman for information (we
never misrepresent our investigations, everyone is
supposed to say they are asking on behalf of an
"institutional investor" researching the stock; but scientists
often have trouble respecting informational barriers, they
tend to ask the person who knows best). Freeman provided
very helpful maps and data.

His conclusion was not much value to mining other than
zeolites. The mine is well run and maintained in good
condition, but silver would have to go up to unlikely levels
for it to pay, and lots of sites would become economic first
(thereby making it harder for the price to continue up). St.
Cloud would, however, be one of the first silver properties
in North America to open. So if we could create an
Organization of Silver Exporting Countries and persuade
them to refuse to sell to the US, maybe there's a chance.

Hope springs eternal, of course, and the future is always
unexpected. But precious metals mining of existing
properties is probably not going to help Goldfield in the
next decade.

eRaider is soliciting proxies for Goldfield's annual
meeting. eRaider strongly advises all shareholders to read
the proxy statement. If you want a free copy of the proxy
statement and/or information on the participants, please
email Aaron.Brown@PrivateerAM.com or write us at:

Privateer Asset Management
POB 20170
Park West Station
NY, NY 10025

Aaron Brown
eRaider co-founder
Re: USA Today...
by: AaCBrown (44/M/New York City, New York)
06/15/01 08:04 pm EDT
Msg: 4360 of 4419

Here is the article: http://www.usatoday.com/money/bcovfri.htm

I want to make clear that my comments were about shareholder
activism in general, not Goldfield in particular.

After you read the article, you see that this one is relatively friendly.
Goldfield is not spending $4 million, or dredging up 20-year old
allegations from a settled lawsuit, moving the annual meeting to
Pakistan to avoid shareholders or accusing me of perjury in an
uncontested divorce (I have never been divorced, but that's what Lone
Star Steakhouse did to Guy Adams; they also said his landlord was an
undisclosed participant on the grounds that he got a break on his rent).
eRaider is not trying to fire anyone, get appointed interim CEO, sue
anyone, sell the Company, padlock the doors or break the Company up.

Although there have been some hurt feelings so far, I don't think
anyone has lost sight of the fact that we all win or lose together. While I
don't approve of everything Goldfield has done in response (like trying
to eliminate cumulative voting and making the change retroactive to
this year's election by adjourning the meeting), they have made many
more positive steps that enhance shareholder value, than negative steps.
And the fallout has been positive as well, in my opinion, press
attention, ISS coverage (with a glowing report), strong buying interest
at higher prices and increased shareholder attention.

At this point I think Goldfield is a better stock than when I bought it,
whatever happens next Tuesday.

eRaider is soliciting proxies for Goldfield's annual meeting. eRaider
strongly advises all shareholders to read the proxy statement. If you
want a free copy of the proxy statement and/or information on the
participants, please email Aaron.Brown@PrivateerAM.com or write us
at:

Privateer Asset Management
POB 20170
Park West Station
NY, NY 10025

Aaron Brown
eRaider co-founder
Re: The Blame Game
by: AaCBrown (44/M/New York City, New York)
06/16/01 10:31 am
EDT
Msg: 4367 of 4419

Thank you for your votes.

Your post puts me in a somewhat tricky legal position. We are
not allowed to say anything about the results of our solicitation
efforts before the meeting. However saying nothing lets
something stand that might mislead people.

We do not have proxies from 1,000 shareholders (I wish we did).
We have less than that number (but reasonably close) email
addresses. But not all those people have returned proxies and,
this being the Internet, some of them are probably not really
shareholders (or at least, weren't shareholders on May 2, 2001
which is the date that counts).

Goldfield has approximately 19,000 shareholders but there is a
lot of double-counting. Many of the people who did send us
proxies hold in more than one account, up to four is not
uncommon. Each account gets counted in the 19,000. I think we
have reached about 1,000 of those shareholders but because they
hold more shares than average, I think that represents about 25
percent of the total shares. I don't claim we will get that many
votes (or anything near it), just that about 1,000 Goldfield
shareholders representing about 7 million shares have heard of
us. Even this number is based on self-reports and guesswork.

eRaider is soliciting proxies for Goldfield's annual meeting.
eRaider strongly advises all shareholders to read the proxy
statement. If you want a free copy of the proxy statement and/or
information on the participants, please email
aaron.brown@privateeram.com or write us at:

Privateer Asset Management
POB 20170
Park West Station
NY, NY 10025

Aaron Brown
eRaider co-founder
Re: OH??????
by: AaCBrown (44/M/New York City, New York)
06/16/01 09:31 pm EDT
Msg: 4377 of 4419

I quote: "Imagine that some clueless outsiders you don't even know
who are marginally familiar with your business begin to employ
bullying tactics to weasel their way on to your board without being
qualified by virtue of experience."

The main objection I have to this sentence is you call it "your" board. It
is the shareholder's board, not management's. That's the central
disagreement. Remember, before eRaider announced its interest,
directors and officers owned almost no shares (a low of $375 total in
1998) except for John Sottile, and his family has been a large net seller
of Goldfield stock since they acquired 25 percent of it in 1974. So I
think "their" board is more accurate than "your" board.

Once you accept "their" board, then you can change "weasel their way
onto" to "run for".

De gustibus non est disputandum so I'll grant you the "clueless
outsiders," "marginally familiar with your business," and "without
being qualified by virtue of experience." In fact, I'll thank you for
calling me "marginally familiar" given your overall attitude. Of course,
I wanted to get a qualified outsider on the board, I'm only running
myself because I couldn't recruit a qualified outsider willing to buy
shares in a contested situation. And, while I know nothing about
construction or mining, I know a lot about finance, equity valuation and
capital raising; Deborah knows a lot about institutional buying and
stock trading; Sam is a CPA with construction, tax and equity
experience. None of these expertises is the first need of the Goldfield
board, but they are all useful skills. And it's not as if anyone on the
board now has mining or construction experience; or the experiences
we bring.

I disagree with "bullying tactics," we're running an open election
campaign, without mudslinging or threats, by SEC rules. I also disagree
with "don't even know" as Sam has been discussing the Company with
management for years and I spent two days getting to know them
before deciding to run.

So my restatement of your hypothetical is: "Imagine that some clueless
outsiders who are marginally familiar with your business run for their
board without being qualified by virtue of experience."

My answer is, "great!" It's good that shareholders are taking an interest
and the board can always use some new energy and expertise. We need
people on the board who bought the stock with their own money, and
who believe in the company. We need people who know how to
communicate with shareholders because they are shareholders.

Of course, it would be nice if they had mining or construction
experience, so let's recruit some people like that and ask them to buy
stock upon appointment.

Wow! This company is really going places. It's about time after 30
years of stock price declines and losses, with only brief rises and bursts
of profitability. Maybe this company is worth investing in now, I think
I'll buy some stock.

And they did.


eaider is soliciting proxies for Goldfield's annual meeting. eRaider
strongly advises all shareholders to read the proxy statement. If you
want a free copy of the proxy statement and/or the information on the
participants, please email aaron.brown@privateeram.com or write us at:

Privateer Asset Management
POB 20170
Park West Station
NY, NY 10025

Aaron Brown
eRaider co-founder
Re: OH??????
by: AaCBrown (44/M/New York City, New York)
06/17/01
11:26 am
EDT
Msg: 4383
of 4419

I am competent in my field, which is finance. I am not
competent in mining or electrical construction.

I think any honest person with general business or finance
experience can be a good board member. Management is
supposed to have the industry expertise. The main thing I
look at in a board member is honesty and general ability,
plus that they bought a significant amount (to them) of
stock with their own money.

However, I agree it is a good thing for a board to
collectively have the main skills necessary to run the
business. There should be someone with financial skills,
someone with accounting, someone who knows the law
and someone who has expertise in each of the company's
business areas.

The main advantage of an expert board is that it serves as
an important check on management. Having just one
electric utility CEO or experienced mining engineer in the
room improves the oversight of strategic initiatives; having
one CPA or finance professor improves the oversight of
financial transactions.

Also in an emergency expertise means the board can act
more aggressively. Sometimes boards have to take over
their companies, that's a safer proposition with expert
board members. Expertise means the board member can
serve as an ambassador for the company and provide
useful contacts. Finally, companies can often recruit people
as directors that they could not hope to afford as managers.

eRaider is soliciting proxies for Goldfield's annual
meeting. eRaider strongly advises all shareholders to read
the proxy statements. If you want a free copy of our proxy
statement and/or information on our participants, please
email aaron.brown@privateeram.com or write us at:

Privateer Asset Management
POB 20170
Park West Station
NY, NY 10025

Aaron Brown
eRaider co-founder
Re: OH??????
by: AaCBrown (44/M/New York City, New York)
06/17/01
03:19
pm EDT
Msg:
4389 of
4419

Thank you for reading all the old eRaider messages.
We appreciate the traffic.

I used to be an assistant professor, but I resigned that
because my side business interests limited me to
teaching courses. Professors are expected to attend to
university duties and do research as well as teach. I
stayed on as an Instructor. I changed my signature to
reflect that, but did not go back an change old
messages.

I consider lowercase "professor" to mean anyone who
teaches a subject on a college or graduate level,
regardless of academic rank. Upper case "Professor" is
a specific rank. I use the lower case. The distinction is
similar to the navy, every ship has a captain, but not all
of them hold the naval rank of "Captain."

Therefore, I consider myself a finance professor, but I
do not use that phrase any more because it might
mislead someone. You will notice my Yahoo! ID is
precise. If I were trying to mislead people I would do it
there, not on an old message at the eRaider site (which
contains my full biography so no one can be misled
about anything).

Some universities are very precise about titles and it
would be a faux pas to address an instructor as
"professor". Most universities are not like that. Every
teacher at Yeshiva is addressed as "professor" by
students, staff and other faculty. It gets printed that way
in informal communication as well.

Aaron Brown
Re: Kitzelcat
by: AaCBrown (44/M/New York City, New York)
06/17/01
04:10
pm EDT
Msg:
4393 of
4419

I have an SB degree from Harvard University (1978) in
Applied Mathematics and an MBA from the University
of Chicago Graduate School of Business (1982) in
Finance and Statistics.

I was in the PhD program at the University of Chicago,
but I left before completing that degree.

All of this information is available in my biography at
the eRaider website (I cannot post a link or Yahoo! will
delete the entire post). It is not a secret and I have never
claimed to have a PhD or any other degree I do not
possess.

I am not running for the board of Goldfield on the basis
of my education or my teaching credentials. I am
running because I care about the share price, I have my
own money in the Company and I think the board will
do a better job with me than without me.

We have never raised the issue of education or jobs of
current board members, nor have we used educational
credentials as a campaign argument. I think all of this is
distraction. I doubt the Kitzelcat really cares about it
(although I always believe in giving a complete answer,
just in case). I think he or she is trying to create an
issue out of nothing. If someone asks you "how come
you don't have a PhD?" any answer sounds defensive.

If the current board were filled with Professors and
PhD's, and the Company were in an academic business,
then this might be an issue. But, as we say in the exam
game, "neither of the above."

eRaider is soliciting proxies for Goldfield's annual
meeting. eRaider strongly advises all shareholders to
read the proxy statement. If you want a free copy of the
proxy statement and/or information on the participants,
please email aaron.brown@privateeram.com or write
us at:

Privateer Asset Management
POB 20170
Park West Station
NY, NY 10025

Aaron Brown
eRaider co-founder

Messages posted on eRaider
eRaider's proxy fight with Goldfield is getting coverage in the Truth or
Consquences Herald, the local newspaper for Goldfield's New Mexico
mining operations.
Aaron Brown
eRaider co-founder
Joanna Glasner, in Wired, captured a key disagreement between me and
many corporate managers. She wrote:

"People don't want to buy a stock that is subject to the kind of abuse and
criticism created by Mr. Brown," Sottile said, referring to comments in
securities filings that criticize Goldfield for, among other things,
understating executive pay and burying information in difficult-to-
understand financial statements.

Too many people, in my opinion, think the absence of public dissent
means things are good; or conversely, that complainers are disloyal.
This attitude is common in dictators and CEO's. I think the reverse.
When I see vigorous loyal opposition, I think things must be running
pretty well; and conversely, that the real traitors are always quiet. It is
patriotic to try to fix the problems you see in your country or company,
and it is disloyal to ignore them.

When I see a company disguising executive pay in complicated deals,
my first thought is management is dishonest and the board is either
incompetent, asleep or dishonest. Most investors feel the same way. So
they find another stock to buy. A big company might be worth more
investigation, but a company Goldfield's size is lucky to show up on
anyone's radar screen even for a quick look. Most investors never take a
second look after seeing the kinds of things we've highlighted.

I did take a longer look at Goldfield, because that's eRaider's business. I
concluded that the problems were bad communication, not dishonesty,
deep business problems or incompetence. I tried to get the Company to
be more transparent, and also to broaden the composition of the board.
Although John Sottile did not agree, in the course of fighting me most of
the information has come out anyway. For example, management
compensation was restated in an amended annual report, as we said it
should be, and just two days ago the Company revealed the $600,000
loan left out of all reports and giving the appearance that the financial
statements did not add up. Finally, investors are getting a picture of
Goldfield that makes it look like a good investment.

Sottile relies too much on personal trust, and feels insulted when he is
questioned. But public individual and institutional investors have no
reason to trust him, they don't know him. If you want a business to get
investment from people other than personal acquaintances, you need
corporate communication that inspires trust, personal trust doesn't enter
into it one way or another.

The best proof of this is the officers and directors of Goldfield. They
didn't want to buy the stock until we subjected it to criticism. Then they
started buying like crazy. Even the insiders needed to see the tires
kicked before buying. Moreover, volume is way up and the price
increases have all come on large volume (which suggests it is buying
interest). For the last three months, the stock goes up an average of a
penny for each 25,000 shares traded (starting at a penny loss for zero
volume, meaning 25,000 shares on average is a break-even day, 50,000
is a penny up and so on). Does anyone seriously question that this
volume and price increase is due to attention brought by eRaider? Yes,
once eRaider gets investors' attention it is the quality of the Company
that determines their decision to buy. I take no credit for that. But I do
take some of the credit for getting the initial attention. And this buying
interest comes despite all the bad news about the expenses the Company
is incurring to fight eRaider.

The real problem Goldfield has with investors is no one has heard of it.
In the last week it has more press attention than the previous ten years
put together. Some potential investors might form a negative opinion of
a company under attack, but they wouldn't have bought without the
publicity because they never would have heard of it. If 1 in 10,000
people who read about Goldfield this week each buy $5,000 worth of
stock, the Company will benefit greatly. At least some people who read
these stories will figure Goldfield must be valuable to be worth fighting
over, and will trust that an aggressive shareholder like eRaider will
make sure their interests are protected. Publicity never hurts business
either, despite the conservative worry that customers will be frightened
off by aggressive shareholders.

A related charge made by Sottile in the article is that I am more
interested in getting publicity for eRaider than helping Goldfield stock. I
have never denied that I hope to make money from eRaider. But the
only way eRaider makes money is if target company stocks go up. We
have no other source of revenue. So eRaider wins or loses the same way
as any other Goldfield shareholder. And for the record, I spent far more
time on my Florida visit talking to Sottile and visiting the real estate
sites and Southeast Power than I did talking to the Florida Today
reporter. Since Goldfield refuses to give us the shareholder list, talking
to reporters and posting on the Internet is the only way we have of
getting votes.

eRaider is soliciting proxies for Goldfield's annual meeting. Click on
the link to get summarized information on the participants to the proxy
solicitation. Also, eRaider strongly advises all shareholders to read the
proxy statement when it is available on the eRaider.com website. If you
want a free copy of the proxy statement and/or the information on the
participants, please email Aaron Brown or write us at:

Privateer Asset Management
POB 20170
Park West Station
NY, NY 10025
Aaron Brown
eRaider co-founder

I read the legal decision giving SunTrust the right to Wachovia's
shareholder list with interest. It's not applicable to Goldfield for various
reasons, chiefly that it was decided under North Carolina rather than
Delaware law (however the laws are quite similar and the decision cited
both federal and Delaware precedents). But it makes clear that
shareholders have the right to a shareholder list under State, federal and
common law:

{11} Both the statutory scheme. . .and the case law. . .evidence a strong
public policy of insuring fairness and equality between a corporation
and its shareholders in a proxy solicitation. . . . [S]hareholders [are]
entitled to the information concerning the identity of shareholders which
is possessed by the corporation in order that they may have the same
opportunity as the corporation to communicate with the other
shareholders. . . . [S]tockholders have a right to know the names of their
associates for the purposes of conducting an effective campaign in
preparation for a stockholder meeting.

Second, it illustrates the sorts of technicalities that companies routinely
invoke to evade clear obligation. The corporate secretary works for
shareholders and should operate impartially. Instead secretaries often
give management everything it wants, while obstructing shareholder
actions. Even if you have the best law firms in the country making the
request, as SunTrust did, the Company can always concoct grounds to
make you go to court to enforce your rights. This is treating the
shareholders as adversaries rather than owners (and reputable lawyers
don't play tricks like this even on adversaries):

{17} The procedural defects in [SunTrust's] request asserted by
Wachovia are without merit. The fact that  [SunTrust] did not specify
the date upon which [it] wished to inspect or copy the materials is not a
fatal defect. The demand letter requested inspection and copying after
May 23, 2001. The statute provides that [SunTrust] must give at least
five days' notice, and [it] did not demand inspection and copying in less
than five days. . . . [It] could therefore specify a date at a later time.
Since Wachovia declined to produce the records on May 23, 2001,
absent [SunTrust's] agreement to Wachovia's proposed restrictions,
[SunTrust] was not in a position to specify a date. [Its] request to copy
the documents without specifying that [it] wanted to inspect the
documents first was not a defect warranting Wachovia's failure to
comply with the statute. [SunTrust] sufficiently requests the right to
inspect and copy pursuant to the statute.

This is a sad state of affairs and it shows how far public corporations
have gone from the simple truth that shareholders are owners.

Goldfield finally offered us, not the shareholder list as required by
Delaware law, but the opportunity to hire Innisfree (management's
proxy solicitation firm) for $66,000 to mail our materials to
shareholders, "with reasonable promptness" after June 12. In other
words they offered to mail on June 13 or some unspecified time later.
Even if shareholders signed and mailed proxies back immediately upon
receipt, it is unlikely that any would reach us before 9:00 AM on June
19, in time for the meeting. SEC rules allow the Company to offer to
mail materials rather than provide the shareholder list, but it does not
overrule the Delaware obligation to provide the list. And this offer
seems clearly constructed to be useless for getting votes, while giving a
thin argument that Goldfield complied with federal law.

The rules are clear and settled. There is not the slightest legal doubt that
a shareholder of record (Sam Rebotsky) running an SEC-filed proxy
solicitation, is entitled to the shareholder list early enough to mail
solicitations and receive replies to be voted at the meeting. But there is
no real punishment for non-compliance (in the Wachovia case, the court
warned that if Wachovia did this again, it might have to pay SunTrust's
legal fees). And there should not need to be a law, a corporation should
be willing to have a fair election as a matter of respect to shareholders,
not because the government makes it.

Meanwhile the Company is using not only the shareholder addresses,
but telephone numbers. They have never offered to share those with us,
although fairness would dictate equal access (I guess I have to admit
here that we have not offered to supply the company with email
addresses of shareholders but those were given to us in confidence; I
would be willing to email a communication from the Company to our
list; or to send an email to the list asking for permission to release email
address to the Company).

ADP is counting the votes from shareholders who hold shares with their
brokers (as most shares are). ADP has told us they are counting unvoted
shares, shareholders who do not return proxy cards, for management.
This includes, in ADP's opinion, everyone who sent a proxy to eRaider.
They did hint that they could see things our way if we hired them to do
our proxy mailings. We have been up and down the organization with
ADP, and prevailed upon the SEC to call them as well, without success.
AMEX should call ADP on Monday. ADP claims that Innisfree, which
was hired by the management, has instructed it to count this way, and
Innisfree represented to ADP that the solicitation is not contested (only
in uncontested votes are unvoted shares supposed to count for
management). Not only is this illegal, management made a clear
promise, filed with the SEC and mailed to all shareholders, that it would
not do this.

Management will not be able to get away with these tricks. The law is
clear that we are entitled to the same right to campaign for shareholder
votes as management, that only actual votes from beneficial owners (i.e.
not brokers) count and that shareholders can send a proxy to eRaider and
have it counted. This nonsense runs up the legal costs for everyone and
sends a message that management is indifferent to shareholder will,
interested only in certifying any results that allow directors to keep their
jobs this year and insulate themselves from challenge in future years.

Regardless of who wins, a fair election is a good thing. The losers
accept the result and everyone works to help the winners help the
Company. An unfair election leaves losers angrier than they were
before, and winners feeling guilty and insecure. It drives away serious
investors and subjects all corporate actions to uncertainty. It runs up
legal bills (paid by all shareholders and paid double by dissidents).

eRaider is soliciting proxies for Goldfield's annual meeting. Click on
the link to get summarized information on the participants to the proxy
solicitation. Also, eRaider strongly advises all shareholders to read the
proxy statement when it is available on the eRaider.com website. If you
want a free copy of the proxy statement and/or the information on the
participants, please email Aaron Brown or write us at:
Privateer Asset Management
POB 20170
Park West Station
NY, NY 10025
Aaron Brown
eRaider co-founder

I think there are two other things to keep in mind when assessing the
public relations impact of this fight.

First of all, people expect shareholders to complain about opaque
financial statements, inadequate stock ownership by officers and
directors, dictatorial and entrenched management, lack of focus and
inefficient use of capital. It's not as if people will read these allegations
and think Goldfield must be the worst company in the world. More
likely they will read them and think Goldfield is an average company
with more active shareholders than average. This is a positive message
(the company is worth fighting over, shareholders would rather fix
things than sell) not a negative one.

Second, it doesn't matter what most people think. Of all the people who
own stock in the world only about 1 in about 50,000 (my estimate) owns
Goldfield. Maybe 1 in 25,000 has heard of the Company.

Let's say a million people read these articles and 500,000 of them own
stock. By random chance, ten of those people might have bought
Goldfield stock without this article. Let's say the article scares all those
people off.

But then assume that just 1 percent of the people who read the article
and own stock decide to look at Goldfield and 1 percent of those decide
to buy it. That's 50 people, five times as many as were scared off.

Personally, I don't think the 10 will be scared off, and I think there could
be more like 1,000 buyers from the attention. Not all at once,
necessarily, but people file away companies they've heard of and
another mention can make them buy.

Just look at the effect on management and directors. We didn't scare
them off, we got them to start buying. And I think there has been a lot
more buying interest than just management, take a look at the price and
volume recently.

The same things that happen to the stock happen on the business end.
When someone from Goldfield calls up a new potential client, there is a
lot more possibility that person will have heard of the Company. And
there's a lot more chance a potential client will call them.

Of course, a client might say "that's the unstable company always
fighting with its shareholders, we can't risk doing business with it." But
in my experience businesspeople are more impressed with a company
that tolerates open dissent and is important enough to debate in the
newspapers. Frankly, Goldfield is a tiny company that will not impress
anyone with its stability via balance sheet or earnings. Companies its
size disappear every day. Instead it is its long reputation of doing high-
quality, reliable work and fulfilling its commitments. Calling attention
to that can only do the company good.

I don't much believe in good or bad publicity. Publicity gets attention. If
you are good, attention shows that off and helps you. If you are bad,
attention is bad. Finding good companies and calling attention to them is
part of what eRaider does.

eRaider is soliciting proxies for Goldfield's annual meeting. Click on
the link to get summarized information on the participants to the proxy
solicitation. Also, eRaider strongly advises all shareholders to read the
proxy statement. If you want a free copy of the proxy statement and/or
the information on the participants, please email Aaron Brown or write
us at:
Privateer Asset Management
POB 20170
Park West Station
NY, NY 10025
Aaron Brown
eRaider co-founder
I take a Hegelian view. Every thesis generates an antithesis, those
combine to form synthesis.

Management ran Goldfield in a manner that generated concerns from
many shareholders. When eRaider first announced interest those
concerns coalesced around eRaider's Shareholder Value Slate.

No sooner had that happened when we started generating our own
antithesis. This happens constantly on the Internet, it's what keeps
discussions going. As soon as a conventional wisdom is formed that
almost everyone agrees with, people pop up to fight it.

It makes perfect sense to me. If management is all-powerful, any
reasonable group challenging it deserves support. But once the dissident
group becomes powerful enough to win, you start worrying about it. It's
one thing to support a critic keeping management honest, it's another
thing to turn your company over to someone you never met. I take this
resistance as a sign that we have power.

Pro or con, all shareholder interest is good. If the owners are paying
attention, and care about their company, everyone will do a better job. If
shareholders don't care enough to argue, why should employees care
enough to earn that extra dollar?

eRaider is soliciting proxies for Goldfield's annual meeting. Click on
the link to get summarized information on the participants to the proxy
solicitation. Also, eRaider strongly advises all shareholders to read the
proxy statement. If you want a free copy of the proxy statement and/or
the information on the participants, please email Aaron Brown or write
us at:

Privateer Asset Management
POB 20170
Park West Station
NY, NY 10025
Aaron Brown
eRaider co-founder