International Precious Metals (IPMCF) Message Board

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

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To: C L who wrote (4700)	3/24/1997 7:56:00 PM
From: Don Coulter	of 35569

CL IF the shorts are still adding to their positions they must be convinced that IPM will slip up.Do they know somthing we don't????? It seems to me IPM trades on FUNDAMENTALS. I tracked IPMs closing price from 3-1 to 3-24. During this time period there have been two news releases by the CO.3-6 regarding the letter of intent to buy the remaining 20% of the property and Dr. Shaw joining IPM. The second news release came on 3-11 250KG NO DEGRADATION.. What I find interesting is the orderly manner in which this stocks trades. On 3-1 IPM closed @ 8 then made a run to 13.75 on 3-6,the first news release in some time.On 3-7 profits where taken or shorts came in hard stock closed at 9.87 Classic case of BUY THE RUMOR, SELL THE NEWS.. With no news until 3-11 the stock moved lower closing at 8.06 on 3-11 The second news release seemed to bring back the buyers and the enthusiasm, two good reports in one week. 3-12 8.75 3-13 9.00 today 9 5/16 pretty reasonable action for a speck stock.. Seems to me IPM trades on fundamentals rewarding shareholders when good measurable developments occur.The 500KG sample will be the next hurdle to be achieved before IPM can move to the next level.. I sure hope the shorts don't know something of significance we don't... DC

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