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Gold/Mining/Energy : IGCO - Intergold Corporation
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To: robert burr who wrote (64)10/12/1999 5:25:00 PM
From: Wayne   of 69
 
I suspect there is going to be a lot more to the story than IGCO is putting out. According to their SEC filings, they have already given Auric and Geneva 3,500,000 shares and agreed to pay $500,000 for whatever it is that Auric claims to own. On the surface of it that seems like some kind of a sweetheart deal, as Auric's methods, as described in the SEC filings, are actually fairly routine. There's no evidence that they have contributed anything to the state of the art to justify a deal like that. If anything, IGCO might be doing this to try to get out of a bad deal they made in the first place.

The most peculiar aspect of this is if Dames and Moore is actually withholding information about Auric's process. That isn't something a consultant would do given that they were hired to facilitate the process. I can believe that there might be something weird about Auric but the behavior attributed to D&M doesn't ring true to me.
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