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Gold/Mining/Energy : International Precious Metals (IPMCF)
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To: Joe Hartenbower who wrote (29947)1/19/1998 2:34:00 AM
From: go4it  Read Replies (1) of 35569
 
<<IMO, the way to handle that is to take your losses, learn from the experience and move on. Right now, with interest rates so low, it would take for ever to double ones money.>>

I've been down that road before and have spent too much time and DD to walk away now. Besides, I think you know me better than that. I have very strong reasons in believing the metals are there, in large quantities and can be economically extracted. I have tried to assist the company in my small ways when I could because I own part of it. At this point I am asking for them to return the favor by showing me results. Market conditions are beyond their control and I totally agree with interest rates and the rate of return but the rate of return is not a negative % either.

What I am viewing right now is poor management that needs to improve or be replaced. All the good intentions and hard work isn't going to buy us anything. In business results are the only thing that matter. If management knew what they were doing and where they were at with the extraction process then a PP should have been arranged at $10 not $1. This isn't nit picking it is smart business. I don't have the funds to be in constant contact with the company. Even Eli once told me that everyone needs a swift kick in the XXX sometimes. That is what I am doing now.
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