International Precious Metals (IPMCF) Message Board

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

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To: John Wetterau who wrote (27362)	11/18/1997 12:21:00 PM
From: BobS	Read Replies (1) of 35569

John, Your summary is right on - and contains many of the same reasons I sold all of my shares yesterday. The continued silence about changes in direction is just too much - AuRic was heavily touted then silently disappeared - with no comment from IPM. - B-D has been heavily touted, now mysteriously are not mentioned in the 11/14 PR (I don't buy this "we couldn't get hold of a B-D representative" b.s in the FAQ) - Sizeable recovery numbers shown repeatedly over the spring/summer; now they are again mysteriously absent from the 11/14 PR. [IPM won't mention any numbers in the PR because Bateman says the process isn't economically viable. Verification of the .25 opt of au by Bateman, even if it's not economically viable at least proves the company can extract the gold in large quantities. I interpret the statement as a cover-up attempt for not obtaining anything close to .25 opt of au. IPM may be well intentioned, but the company certainly has a lot of unanswered questions. Until the company comes forth with reasons for the mysterious disappearance of many processes and strategies, I default to believing the company is not making any real progress. [To anyone ready to flame for this last comment - a verified FA (by Bateman) producing results that existed 12 months ago from a verified FA (by B-D) is not progress]. bobs.

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