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Gold/Mining/Energy : Global Platinum & Gold (GPGI)

GPGI 24.46

+6.1%

Feb 6 9:30 AM EST

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To: Daniel M. Whipple who wrote (55)	7/15/1996 7:33:00 AM
From: TheBusDriver	of 14226

IPM AGM INFO The AGM was a mixed bag I would say....IPM did NOT produce a metal bar as rumoured....bummer....They had major problems working on the 450 ton sample whereas the small "lab" sample had been successful. What I heard was they would get metals one time and not another....sooooo they are going back to try and find out what went wrong.... The rest of the news was just confirmation about oz/ton and that kind of stuff....nothing new that all of us did not already know.... No "mother load" has been found in the hard rock yet....lot of talk about the mineralization continuing down to 300ft in the dirt. This would triple the market cap for IPM...This would be good ofcourse. Other than the disappointment about no metal bar at the AGM...and it took me a while to get over that, I still feel pretty good about IPM...I am holding a lot of stock right now....and will continue to hold. The price dropped to $3.5 after the AGM but bounced back the $4 base IPM has been building for some months now...I consider this to be good. Also T. Hoare who has been selling every time the stock got to $5 has sold most of their holdings now....this should help get above the $5 resistance line.... Oh yea, a fellow by the name of Marcello Gallupi was at the meeting...he was predicting a power move for IPM in Sept/Oct of 1996...FWIW.... wayne

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