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Gold/Mining/Energy : International Precious Metals (IPMCF)
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To: Richard Mazzarella who wrote (31772)4/24/1998 8:21:00 PM
From: KipferlMeister  Read Replies (1) of 35569
 
Richard,

I think we're seeing an about face on the "complexity" issue as reflective of the new management. If you remember, Le Furlong was always adamant in saying that IPM was "faced with no greater obstacles than any other mining company." He always downplayed the complex nature of their ore and pursued a traditional approach to mine development. Overall, I don't think it was a bad strategy, and for a long time it did separate them (at least in fund managers' eyes) as being "different" from the other dirts. Things have obviously changed. It sounds like Doyle resorted, at least in part, to a complexity defense in their NASDAQ hearing, and is probably going to run with it from here on out.

...that's my take on it, anyway.

-Michael
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