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

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To: Abner Hosmer who wrote (389)9/7/1997 1:00:00 AM
From: Ron Everest   of 835
 
Thanks Thomas: Yes, the Ulzit Gol looks like it has some excellent prospects. The market seems to be ramping up on IPJ as well as JVAG. Interesting that JVAG made the sudden moves based on the GNewsletter 6 page article. I am believing that IPJ has just as good lands as they had the right of first refusal from Beaudoin.

You point out correctly that there are probably three or more likely targets controlled by IPJ in close proximity to Altai 1-2-3. Is the correlation correct? Possibly, and more likely probably that IPJ is the one being referred to. My view has always been that stocks move first based on the rumor mills that come out of the geologists and other workers closely associated with the front line action, we have been seeing this movement in IPJ.

I have been reading your comments on the BGO thread from time to time. I am one of the fortunate ones who sold and stayed out in the 3rd week of August 1996. My take at the time was similiar to your current conclusions, that the grade was too low, the costs too high, disclosure wasn't too much of a problem then. There is probably some merit for CC in the longer run if prices of AU and CU rise. I have my doubts about CU rising much and that of course is a negative for the IPJ project at Hinoba-an etc. also. Just a few weeks back CU was at US$1.16 and now .98.

IPJ had the normal course issuer bid application approved, perhaps this is what moved IPJ earlier in the week. Amazing that IPJ languishes at these prices with so much activity taking place. This thread must have a lot of lurkers as no one jumps into the discussion.
I take the Friday prices to be a minor spate of profit taking or persons finding their way out at these marginally higher prices. Only a matter of time IMO before this one takes off.

IPJ International Pursuit Corp -
Stockwatch Bulletins:
1997.09.04 10:57 Normal course issuer bid filed
1997.09.03 09:03 Normal Course Issuers Bid
1997.08.27 15:07 Second quarter results
Close prices:
1997.09.05 T 1.85 1.72 1.72 -0.09 60400
1997.09.04 T 1.82 1.63 1.81 +0.16 184300
1997.09.03 T 1.65 1.51 1.65 +0.15 97050
1997.09.02 T 1.60 1.37 1.50 +0.10 91632

Good to hear from you again, good investing to you,

Best regards,
Ron E
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