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Gold/Mining/Energy : Int'l Pursuit (T.IPJ)
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To: Jon Matz who wrote (583)2/19/1998 9:45:00 PM
From: Ron Everest  Read Replies (1) of 835
 
I think they mean that there is interest being shown by mutual funds. I cannot see that there is a lot of large trades recently, however, there appears to be accumulation. Can't really tell much yet from the trading patterns. Suspect that there is a resistance level at C$3, yet, for the past couple of days, the trading has been fairly light, but persistent.

IPJ International Pursuit Corp -
Stockwatch Bulletins:
1998.02.19 06:59 7th generation contracts of work signed
1998.02.12 06:39 Philippines scoping study complete
1998.02.11 14:05 Shareholder approval sought for rights plan
Close prices:
1998.02.19 T 3.00 2.90 2.97 -0.03 69921
1998.02.18 T 3.00 2.92 3.00 +0.05 85030
1998.02.17 T 3.00 2.82 2.95 +0.13 212328
1998.02.16 T 2.90 2.77 2.82 +0.02 79999
1998.02.13 T 2.88 2.77 2.80 -0.07 196695

There is likely doubt about the closure of the Hinoba-an et al deal. If that closes then the stock should take an immediate uptick of at least C75 cents and possibly more considering the potential to vend off the 40% carried interest. This should be the next news of importance to move the stock.......when ?................could be anytime soon. Sally Burton did mention that they are actively trying to vend the whole project. It is avantageous for Minora as they have a CU mill close by. My next stop for IPJ will be the closure of this deal by May 31 at the latest and possibly March 31st at the earliest.

Best regards,
Ron E
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