International Precious Metals (IPMCF) Message Board

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

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To: kimberley who wrote (28263)	11/24/1997 3:46:00 PM
From: Bob Markley	Read Replies (1) of 35569

Kim, I'am still not seeing any Institution buying, this is just a bit of short covering/bargain hunting. If so, why did the MF not buy higher to protect their investment??? Only two answers come to me, ... either they are writing it off or taking over control. If they were writing it off they would just leave(sell) & we would see huge volumes. Not so here. Re: economics, @ .O37 assuming that it can rival heap leaching in economics, then they most likely have a low grade/high tonnage deposit. The thing here, imo, is the misleading(lies) of management in regards of the recovery grades. That and the high cash burn rate. Majors normally buy known deposits,... so assuming that funds take over the co. it would be to remove the management, to allow for a restructuring & ultimate arbitrage of the co. Just my thoughts & opinions. Best, Bob

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