Murat Kuntel over at Compuserve has allowed me to post this :
Charles,
Thank you for your e-mail. Here is what I say which I posted at the S-10
of Inv. Forum of Compuserve.
Regards.
<<Dear Folks,
I remember reading a post with similar headline after the June meeting when
IPM announced .85 ounce/ton gold + PGM. At the next trading day the market
sold off. The reason: BD wa supposed to say that for IPM, not IPM alone.
The issue was credibility and IPM did not have it.
Yesterday we received the long awaited PR from IPM in which Bateman, a
third part confirming chain of custody agreeing that there was gold +
platinum + even silver. The average gold grade is about 0.03 not as
reported by IPM in June 0.25. Previously unrementioned/nonexistent silver
grades were above 1.0, a major plus.
Because the market was still waiting for (1) a 0.85 gold+PGM or 0.25 gold
alone type of PR (2) confirmed with BD or Batemen and we got (2) the
confirmation o.k. but not (1) the gold amount in line with expectations,
Monday will be a sell off for sure. Though I will be delighted that I am
wrong.<g>
But, it is only now; not in June, but now, we can say that IPM is for real.
What makes IPM real is not the "amount" of gold, but "the existence" of
gold + other PM. The reason is IPM has been slam dunked by major players
of media as a scam. Forbes printed picture of Furlong with paint brush in
his hand painting the rocks in Arizona with gold, something like Bre-X did.
Arizona Dept of Mines claimed that there was no gold in Arizona.
Bloomberg reported that as news. So, IPM was a liar in their mind and they
warned the investors that every penny they invest would be not for gold but
for Desert Dirt alone. Now, all that has been proven false. There is a
third party now signing its name on the chain of custody that not only
there is gold, but also silver and platinum. Therefore, IPM is not a scam
but for real.
The numbers given to us are lower than what we have been told by IPM.
There are many questions to ask to IPM still. But, it does not change the
fact that there is gold in Arizona which AZDOM itself had no idea of and
was talking bluntly against a company and murdering its reputation with
their arrogant talk of nonsense and claiming that there was no gold. I
wish IPM sent them a copy of their PR.
The amount of gold is not written on the stone. The assay is for to prove
that there is gold there. The amount IPM reports is almost the same amount
of gold found in Nevada. So, it is not too little. Plus, almost always
the actual recovery of gold is greater than the amount assay gives. What
we have in our hands is the worst case, and I like it.
IPM is for real now. But, we, the ones who wished to be rich quick, are
disappointed. Because we shall not be rich as quick as we wanted to be.
In fact, next week we shall be poorer, at least on the paper.
IPM is changing from a "get-rich-quick" scheme into a "speculative
investment" which will need "as usual" patience. But, for sure IPM is not
Bre-X. IPM did not salt the dirt. It is not IPM but AZDOM gave us the
false information regarding the existence of gold in Arizona.
I am going to sail with IPM. I am confident with them. IPM with this
determination for success despite even government agencies working against
them, with this amount of perserverence they have, will for sure bring this
work into completion.
Enjoy the company if you do not need cash urgently.
Murat Kuntel>> Following is another example of E-Mailed Wisdom from another S.I.er that I want to share re sell off possibility:
(no credit givena as it needs to be said!:)
I was thinking at first of dumping on the opening and then picking up again once
the bottom hit, say $(I decided to leave this GuesstamitRangeOUT-CmDecisiontoEDIT) -- but really that's risky and probably none too
smart. Nobody really knows what's going to occur, and it will be a wild ride of
the faint of heart and especially for the stupid and short-sighted... A lot of
fear and a lot of greed is about all we can be sure of.....I suspect the big boyz
and institutions are smacking lips waiting for cheap paper to roll around so that
they can scoop up a bundle. Don't think for a minute that they are unaware of the
situation. My guess is that any institutional money manager knows it's futile and
even stupid to dump, say 200K shares or 400K shares during a bloobath. They will
only be pouring gasoline on the fire and thus they'll end up with 80 cents a
share for their trouble....No, they will be doing the following: they will be
slightly anxious, but are, after all professionals and have seen this kind of
thing before. They will BUY when the little fraidycats dump and then they will
dollar-cost-avaerage upward...why - because it's the ONLY moneymaking [or at
least not money-losing] weapon they have in their arsenal.....so if the price
goes down in a thinly traded stock you own a lot of - buy more, period....This is
of course in this case is coupled with the news which, forget the whining and
moaning - is only good - in the final analysis, and that doesn't even take into
account the better numbers, the news on Pt, the recovery rates...etc
so my prediction is that if you dump on Monday and get $(X CmEDIT)
or if you're lucky $(X less some $ figure-CmEDIT), you will feel very chagrined on Thursday when the stock
recovers [thanks to the institutions] at $(CmEDIT or 50 Cents more than that) or better.....no, don't do it....it
would be a mistake.....IMHO...oh, the other thing -- when the institutions buy
more, that insures once again they're [have to be] in it for the long haul -
another lock on the box......if you cannot buy more on Monday once the bottom
[which might be way higher than some of us may susect]...then sit back and watch
the fireworks.....this is a mine, and it has the goods and you will make money
sooner than you think.. Name LEFT OUT TO PROTECT THE INNOCENT- The same Innocent Scared People holding IPM is the REASON I AM POSTING these words of Wisdom!!! Sorry for rambling...we all needed to see this..Chucaupt2(A mine!) |
