Heres the latest from ALERTLINE:
Also check out Intergolds new web site theres a whole slew of info there intergoldcorp.com
4/29/98
INTERGOLD UPDATE
I have to start by telling you people we get put into a catch 22 situation.
Whenever we pound the tables on this stock, we get Emails complaining to us
about spending too much time talking about IGCO and not enough about the
bigger caps and the overall market. We didn't talk about it for a couple
days, the three market makers working in concert have boxxed this stock and
are moving it lower in hopes that they can scare enough of you into selling
your positions to them. Yes they want you too sell because they are short a
bunch of stock, how do we know this? We watch it trade every hour every day
every week. The stock was a brick wall at $2.50, the market makers sold a
ton there, short, now it is the end of the month and they are trying to
show a huge profir on there month end reports--and maybe even cover some of
there short why they are at so they have an actual gain rather than just a
paper gain.If you don't understand this, go to our web page and re-read
"Month-End Manuever" and "Illegal Shorting".
We get a hundred Emails a day asking about the Bateman Report. I talked to
someone familiar with the situation this morning ago, they told me it could
be Friday, Monday or sometime next week, but it is coming, it is the third
and final piece of the puzzle. I urge you all to do some research on
Bateman, and you will find out what the significance of them signing off on
this deal are. The next step will be to drill the property up extensively
to determine the sheer scope of this, last conversation I had they feel
production cost will be less $140 per ounce.
People close to the company tell me off the record they estimate 500
million tons minimum in the area being drilled, publicly they have only
disclosed 150 million tons. The Bateman report will be able to clear all
this up. REMEMBER Bateman has already agreed to oversee this upcoming $5
million drilling program. ALREADY-- IT'S IN THE NEWS RELEASES!
DO YOU THINK THEY WOULD AGREE TO OVERSEE THE WHOLE THING IF THEY DIDNT
THINK THIS WOULD BE A SIGNIFICANT LONG TERM PROJECT FOR THEM ?
Not trying to yell--just to make a point. The other questions we have
gotten have been on this financing. This is a new issue of stock that is
being created for the financing, A Revenue Participating Preferred. So no,
this is not stock that is going to be introduced into the market to have a
negative potential effect on the trading of the common stock.
So what can everyone do? You know the answer to that... You can buy it down
here, or at a minimum don't sell any stock, its plain stupid, and all it
does it accomplishes the goals of the very people who are trying to keep
you from making money.
We will try to keep everyone posted and up to date on all the other recent
picks. |
