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

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To: Zeev Hed who wrote (5057)3/30/1997 9:26:00 AM
From: Turboe   of 35569
 
Zeev,

Have enjoyed your LEVEL headed posts in the past-- here and other threads.

<<As for agendas, people talking about shares at 100 have as much a personal agenda as those mentioning zero.<<

No doubt! There are no "bad" questions, IMHO. The attacks make me all the more suspicious. Those "agendas" shine like red to a bull...

People talk of Fundamentals? What FUNDAMENTALS? This is an UNPROVEN extraction technique. If it works we all make out like bandits. If not we LOSE OUR _RISK_ MONEY. There are NO "fundamentals" as yet, except that there is some gold. This sector will have fundamentals when it is PROVEN and VERIFIED that the gold can be ECONOMICALLY extracted.

It IS risk money. If you have anything but money you can afford to lose in any of the DD's you are extremely naive (to put it nicely). Most of these stocks (not IMPCF as CL noted) are BB's-- the wild west of stocks. Less stringent than Canadian.

And Tech Analysis on a stock with no earnings? Come on...

Finally, I look at the Bre-X deal as an opportunity. If the DD's can indeed "Show the money" the prices will reflect the jumping in of gold investors looking for a safer place-- i.e. the US of A...

Happy Easter!
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