International Precious Metals (IPMCF) Message Board

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

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To: Bob Staaf who wrote (11229)	6/6/1997 1:04:00 AM
From: C L	of 35569

I'll forward your idea to the company. Check this out: businessweek.com NOTICEABLE FLAWS. Yet another short-seller is wagering against a Canadian gold mining stock--International Precious Metals Corp., which trades over the NASDAQ Small Cap Market. International was trading at just over 2 in December, but climbed to 13 in March. But then, Arizona authorities maintained that IPM's ''Black Rock'' mining site, under development near Phoenix, has little or no gold, contrary to the company's statements. An IPM spokesman insists the company's assessment of the site is correct and says that IPM has filed notice of a possible suit against the Arizona officials. This short-seller is voting with the Arizona authorities, however, and feels IPM's shares are destined to collapse.

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