International Precious Metals (IPMCF) Message Board

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

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To: Daniel M. Whipple who wrote (13746)	6/27/1997 2:07:00 PM
From: Erich White	of 35569

Daniel, <<Erich, the shorts are 800K shares short! If they plan to cover those 800K shares what price do you think they will cover at?>> Well, with volume like we're seeing today, it would be very hard for them to cover their position without notice, and without putting upward pressure n the price. Please dont't get me wrong - I'm just as interested anyone in seing this one higher...MUCH higher. I too had over a 100% gain until recently. I sold 2/3rd of my position prior to the AGM, because I didn't think the big news (BD signoff/report) would be in by then, and I remembered well how the stock reacted last year following the meeting where no gold was on the table. I haven't bought back yet...waiting a little longer to see how the price behaves over the next week or so. Erich

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