Int'l Pursuit (T.IPJ) Message Board

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

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To: Junaidi who wrote (532)	2/10/1998 1:23:00 AM
From: Ron Everest	of 835

Refer to Mikey's post exchange2000.com There is, as Mikey has stated always risk with these speculative stocks. There is a sovereign risk in Indonesia right now and their previous handling of the B--- matter has chased significant capital away. It is partially a wait and see thing for now.....what I mean, is wait and see if the Indonesian government will honor their arrangements with these junior mining companies. The stall in issuing the seventh generation contracts of work is not instilling confidence. Sure, a number of smaller players have their 7th. cow's but that isn't enough yet. Hope that we do receive the contracts of work so that further development can occur. p.s. you can always buy some IPJ, it is at a very low price as you must be aware. There is no doubt some feeling that IPJ will pull back as it has in the past, however, they have a lot of news to announce in the near future IMO. Further, there appears to be accumulation and higher values with no news for some time. Could it be that there are a lot of short term traders banking on a fallback that is not occurring in this current cycle? Won't they be disappointed. Best regards, nice to hear from you, Ron E

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