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

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To: Jon Matz who wrote (607)3/7/1998 7:45:00 PM
From: Ron Everest  Read Replies (1) of 835
 
I believe that they do specialize in short term trading. IPJ has so much good news potential that they are probably trying to make some money on the next spike. This could come sooner than later with the Hinoba-an/Minoro deal. I read into this deal that IPJ can pursue other interested parties. Wonder if this could mean that if another party ponied up first that Minoro would lose the deal? probably just wishful thinking on my part. I also believe that the rights deal will give the stock a small push, March 19th if approved. Can't imagine why it would not be approved.

With the way they have promoted the stocks this last while, one could believe that they will engage another newswriter. Note how the stock tests approx C$2.85 - 2.86 then bounces right back to $2.90+. There appears to be short term support with buyers tending to hold. I'll bet that in the last runnup there were many IPJ'ers that sold thinking it would again fall back......but didn't this time. My view is that we are poised to regain $5 real soon.

Best regards,
Ron E
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