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Gold/Mining/Energy : International Precious Metals (IPMCF)
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To: Bob Markley who wrote (27004)11/17/1997 8:28:00 AM
From: Bob Aldridge  Read Replies (3) of 35569
 
Good Morning ALL,

This is my first post since the IPMCF bombshell was dropped. My initial reactions were as those experienced by you all, but I have had time to have a long hard think and speak with analyst friends of mind who follow IPMCF closely.

I must say I am now a lot happier and still bullish about IPMCF prospects.

OK, the price is initially heading south this morning. I've already pencilled in $3 as a worst case scenario but who knows ? If we do reach this level there will certainly be a queue of buyers lined up. Institutions must have done their sums, as I have, and $3 would be a bargain basement price and somewhere along the line our shorting friends have got a lot of buying to do now they know its not a scam is not going anywhere near zero. I don't expect either group to be in the market as buyers from the off but before the end of the week I'm sure we'll see some stability.

My calculations suggest the stock will settle around $3.75 - $4 and with progress on the assaying of the first grid should be trading in the $5-$10 range by the year end.

I apologise if this has already been debated to death but 1000 posts since Friday is impossible to read.

Good luck all,

Bob.
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