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Gold/Mining/Energy : International Precious Metals (IPMCF)
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To: Bob Jagow who wrote (28186)11/23/1997 6:44:00 PM
From: Matt C. Austin  Read Replies (3) of 35569
 
**********Our Future #2***************************************

I've stopped reading these posts as of my last message, you're welcome to do the same with this one. I hear that things are getting worse in the thread instead of better so I'll just post when I think I have something pertinent.

1. I expect A D will get the PP funding completed sometime in the next 2 weeks. He's really good at raising money for viable mining projects and I don't anticipate any problems with this one. It would make sense to go with a smaller amount than the 10 big ones due to recent low stock price. Keep in mind that most juniors are unable to raise even $100,000 to do a small drill program.

2. When the funding is done, I would expect fund buying to increase. At the approx. $2 level we have been getting some short covering, some institutional buying and we are attracting some day traders now.

3. Bateman is experimenting with some other processes and I don't expect it will take them a long time to find one that's feasible -- that's conjecture on my part, however.

4. Every time in the past that this stock has had a major pull-back, it has been an excellent buying opportunity. I think we're seeing another shot at it here.

5. I've been getting some copies of the really rude e mails that are being sent to people by Wally et al. Looks to me like they are preparing one last assault on the stock and then will cover the rest of their shorts.

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