International Precious Metals (IPMCF) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Zeev Hed who wrote (29036)	12/7/1997 1:18:00 PM
From: Bob Markley	Read Replies (1) of 35569

<< I believe the stock will trade in a nice trading range from just under 1 to about 2 for sometime to come, and money can be made from such movements. >> Zeev, Nice analysis. The market just gave IPM (and 'investors')a BIG wake up call. Some 'investors' will heed it & becomes 'traders'. IPM appear to have responded by borrowing a short term 'fix' of capital. Considering the serious financial situation (high cash burn rate), & potential major dillution of existing shareholders with a convertible 'junk bond', this seems a passive approach. A company in trouble needs to make drastic changes, IMO. Expenses need to cut, expensive executive auto's need to be sold, compensation levels need to be drastically cut, revenue needs to be generated. Where is the bulk pilot plant at Goodyear that Le mentioned to some of us at the AGM? This was to be build for testing & revenue generation. They have clearly chosen to dillute existing shareholders rather then attempt to generate revenue or rapidily prove up assets(imo). If these new funds were directed towards revenue generation to offset development costs then I would have a bit more faith in the current management. I hold the viewpoint that this company has become an arbitrage situation for the MF's. They appear to have not sold and either have complete control of the company right now or will soon have with the 'convertible junk bond' issue. Oh, BTW, ... some of us 'non-shareholders' are still 'allowed' to post here as well as on the DD-TA thread! Regards, Bob

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next