Tom, good to hear from you again. I have seen underlying strength in IPJ for some time now, as you have. Only word from the company is the 8 page spread. I am hoping to hear that the 7th generation COWs have been received and expect that they must be close to being issued. Have been left wondering just what IPJ has in their hip pocket..........appears that someone knows something......but what? I too cannot believe that the only information is the article, the price is indicating steady buying and accumulating.
IPJ International Pursuit Corp -
No Stockwatch bulletins for this period.
Close prices:
1998.02.04 T 2.73 2.20 2.65 +0.47 495547
1998.02.03 T 2.18 2.00 2.18 +0.18 222061
1998.02.02 T 2.00 1.95 2.00 +0.10 158750
1998.01.30 T 1.98 1.88 1.90 -0.06 67780
1998.01.29 T 1.99 1.90 1.96 -0.04 36850
Note that the high was 55 cents higher than yesterday.
Have been left wondering about a number of questions:
a) What gives with the season's exploration in Mongolia, no news about prospectivity. There was the rumor of a strike in Bayanhongor Gold Belt. My conclusion some time back was that IPJ was the likely candidate???
b) What about the purchase of DAYK, was it just for the money that DAYK possessed, or, was it due to the apparent excitement about the Sebuluh Fault. I asked Bill Burton a number of questions at that time and one of his answers to me was that they were in the process of acquiring the piece of ground which contained the remaining part of SF which they didn't possess. ie: the ground between the SF drilling on Dayaks ground and the SF on the LN project, IPJ ground. Since that time they have downgraded the SF work?? Why?? Anyone would remain silent after what happened at the Bre-x grab by the Indos.
c) The Mahakam site also has some DAYAK ground to the north of the W and E Mahakam gound. Now we have what is reported as very high potential from the Mahakam ground reported in the article published by "Special Situations in Mining". Remember the headline stated, "Imagine buying Freeport McMoran or Newmont Mining for less than C$1 a share". This is apparently referring to the Mahakam's . In a recent post it was reported by VP that another newswriter is touting that IPJ has a strike. I am reallllllllllly interested to see what that article has to say. I am believing that the potential for the Mahakam's is so phenominal that if one core reports good findings then the remaining porphyry intrustions will automatically be factored in. This is apparently no small area and is reported to be 12 km in diameter!
d) Will the Hinoba-an/Manlupo CU deal be consumated for a 40% carried IPJ interest, and US$15 million? by May 31st? I am sure anxious to see this happen, must be serious stuff to have a scoping study underway! This would in itself provide significant funds for proving out their other excellent prospects.
e) Nevada? don't really know much about this, however, seems that this could be interesting also.
e) Kendeng doesn't seem to be where it is at as JVAG has shown no life since Gold Newsletter articles ran the stock to 90cents from 30.
There abundant potential in IPJ. Why are they not releasing any info? Why is the stock reacting so positively? We will see, I plan to hang in there. Others are saying, we should sell and wait for IPJ to again fall back. This go around, we have not seen the stock fall back as was previously experienced. Wouldn't want to lose a 10 bagger for some small gains. When I originally found IPJ and was convinced to buy, it was on the encouragement of a Vancouver BC chap who is no doubt following this thread, his statement to me was that IPJ is a stock that one "buys and holds forever". His implication being that the potential was superb. Particularly when one considers the quality of management.
Would like to hear from others as to their opinions for IPJ
Best regards,
Ron E
PS: 56 days to go!!!! |
