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

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To: Larry Brubaker who wrote (26834)11/16/1997 7:52:00 PM
From: Bruce McGaughey  Read Replies (1) of 35569
 
Welcome Rand. You do have a good point and you presented it very
well, I might add.
But, hindsight is 20-20, as we all know.
Read the IPM PR of 12-19-96. IPM thought they had discovered
the Holy Grail of recoveries back then.
No need for outsiders. Mentzer did it. He cracked the code. The
Purdue boy saved the company.
I guess he didn't, now that we look back.
Apparently, it fell apart in March when the stock hit it's peak
and Shorty jumped in. This is evidenced by Matt's post, earlier.
Maybe that's when IPM should have gone elsewhere for a new process.
Apparently, they kept trying to tweak the old process at Friendship
and couldn't get consistent reads. (We were told scale-up was going
well, though).
Bateman began in August and has just given us the first of, hopefully,
many good PRs to release.
Yeah, I wish Bateman had been there from the beginning but things
looked so good a year ago !!!
(Some of the above are assumptions...that may not be true. Can
anyone correct me if I've made a mistake ??)
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