Int'l Pursuit (T.IPJ) Message Board

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

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To: Bear who wrote (320)	5/29/1997 3:01:00 AM
From: Ron Everest	of 835

You should be asking Bill Burton or Stephen Dattels the questions. One would expect the answers to be such as you received from the clerical staff, however, the evidence is quite clear that IPJ have done a pile of work in central Kalimantan, including drilling on the Dayak Sebuluh fault and the L-N project also on the Sebuluh fault. They have been operating up to 8 crews in various parts of Kalimantan. Their reporting on these activities has not been released. Further, why would they take over DAYK unless the Sebuluh showed "very excellent" results? (very excellent was the exact terminology stated to two IPJ threaders by IPJ representatives when describing Dayk hole #2 which had 2 sections with visible AU) There is a very big gap formed which needs to be clarified by management. Look at the sliding values. You will have a tough time convincing this shareholder that they are not letting the stock value fall. There are few efforts being made by management to bolster ther value of the stock. Lets hear your rebuttal to this Bear. I am still holding the stock, but am not a happy camper. Best regards Ron E,

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