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Gold/Mining/Energy : Int'l Pursuit (T.IPJ)

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To: Ron Everest who wrote (523)2/5/1998 1:40:00 AM
From: RonS  Read Replies (1) of 835
 
Ron/Tom

I agree with both of you in that I think IPJ has found something truly
exciting in the Mahakan property and that they don't want to release
this news until the COW(s) are granted. Being a cash-rich junior
exploration company puts them in a select position which in itself
has brought IPJ to the fore front in many analysts eyes. The latest
jump in price appears to be from more than just a positive writeup
and more indicative of a discovery that has leaked out. I suspect
that the news has slowly leaked out to maybe a few select
"friends" and any analysts who are persistent. I guess at this point
one should just enjoy the ride which I think will really begin once
the COW(s) are in place and a news release is made. This
is going to be really interesting to see how this plays out!

Regards
RonS

PS Does the recent trading activity indicate if any larger players
are involved?
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