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Gold/Mining/Energy : International Precious Metals (IPMCF)
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To: Alan Vennix who wrote (28715)11/30/1997 1:39:00 AM
From: Larry Brubaker  Read Replies (1) of 35569
 
<<It may be somewhat of a stretch, but it's possible to conclude from what has been released that,

(1) The "nominated recovery process" tested in the mobile trailer is not suitable for commercial application,

(2) Results obtained from testing the 20 lb samples in the mobile facilities were "low"(whatever meaning that has), but

(3) Bateman is researching applicable recovery processes, possibly including a variant of the bulk process IPM tested at FM which recovered 0.25+ oz/ton gold.>>

Alan: I guess you can't totally rule out #3 based on what IPM has said, but if that is in fact what has hapenned; WHY DIDN'T THEY TELL US THIS????

Why would they issue a press release followed up by answers to FAQ giving the impression that the recovery process yielding 1 opt PM's turned out to be "non-commercial"???? If your scenario is correct, the only logical reason for IPM's actions is that they wanted to see the price drop. Even IPM is not stupid enough to believe that when you have been hyping .25 opt au for a year, and 1 opt PM's for 5 months, that a release indicating .04 opt au is not going to result in the stock taking a nose dive.

The only reason I can think they would want to see the price drop is that is the only way they could arrange for someone to finance this dog. Loan IPM money in return for cheap shares.
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