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Gold/Mining/Energy : International Precious Metals (IPMCF)
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To: Richard Mazzarella who wrote (13672)6/27/1997 12:36:00 PM
From: Ron Struthers   of 35569
 
Richard, I guess it depends where the stock price is , whether "infinity and Beyond" sounds to hypey. You make some good points. I might add that the Institutions are a strong ally for IPM and they won't except any undervalued takeovers and will likely hold the stock till fair evaluation

IPM will soon be in the hands of the Institutions who have been accumulating during this panic. Who knows perhaps the gorillas have been shaking the trees. Two more Institutions visiting this week, hopefully buyers next week.

I expect the float of available stock will be very small by the time we see BD news. Institutions are not the only accumulators, as I pointed out to Bruce, all the stock is off the market in Canada, it is useless to try and even trade it here anymore.

Ron
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