International Precious Metals (IPMCF) Message Board

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Gold/Mining/Energy : International Precious Metals (IPMCF)

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To: Bruce McGaughey who wrote (920)	12/23/1996 1:04:00 AM
From: O. H. Rundell	of 35569

Bruce, First things first: I'm absolutely convinced that IPM is playing this straight. Nothing else makes any sense. Regarding the opening date, I'm not sure of the exact date. There is no way IPM will hold off any reports until after the option exercise date if they have any alternative. The higher the price of the stock, the greater the chances that the warrants will be exercised. IPM needs the money from the exercise of the warrants. IPM COULD report the PGEs, the 50 lb test results and the 1000 lb test results separately. I don't know how they will time the announcement(s). I didn't think to ask as to how many of the Feb warrants have already been exercised. Personally, I'd like a few more shares; so Bruce, please don't drive the stock up too much, y'hear? Regards, O. H.

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