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Gold/Mining/Energy : International Precious Metals (IPMCF)

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To: Bruce McGaughey who wrote (290)11/1/1996 1:34:00 AM
From: C L   of 35569
 
Hey guys, Thanks for the data and all the posts. This is a good friendly place to hang out. Only trouble with calling the Toronto # is that's the legal office. David is a great guy but he's busy with a law practice and may not be up on all the numbers. I have a file around somewhere with the June #'s, I'll try to find it. We will never know all of the fund holdings however, as very few U K based funds bother with reporting. I really think the true #'s are around 18 to 20 %. As Ron S. said, as long as the #'s are increasing that's the most important thing.

I really liked the stock action today. The price was headed up with really light volume, that tells me that the sellers are starting to run out of stock. If the funds would take another 500k or more off the market, I think we'd be surprised how much up move we'd get. I sold off some losers on Monday and bought another 1100. That's all I can do, tho. I am so lop-sided with this stock, that it's crazy. Best to all of you.

C L
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