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Gold/Mining/Energy : Int'l Pursuit (T.IPJ)

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To: Walter Kalin who wrote (250)4/22/1997 12:55:00 PM
From: Haq0r   of 835
 
Yes, I am aware that IPJ has 7th gens, and I figured that they would get their COWS soon after the 6ths ones are out. Could you give me the URL for that Globe article on the 7ths please. This is one of the more visible stocks on the VSE volumewise...so I would not be surprised if it has caught institutional attention once again. For those institutions that did not sell this stock prior to BRE-X are probably averaging out their position... its just that they wanted to give this one a little more time before giving the go ahead... that is they wanted to see if BRE-X situation would improve. Indeed it has... I think that the Indos decided to grant COWS at the end of the month because that is when BRE-X is supposed to have the results of the Strathcona audit. The way I look at it, regardless of whether BRE-X gets shafted or not, the other indo jvs are going to benefit because the indo government is going to want to limit the damage (if results show lower than expected gold in Busang)

Over and Out

Haqor
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