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Gold/Mining/Energy : Int'l Pursuit (T.IPJ)
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To: Mikey who wrote (696)5/3/1998 10:08:00 PM
From: Ron Everest   of 835
 
Mikey,

We all have hindsight. I think the market got ahead of itself with IPJ due to the intensity of the promotion. When the warrant issue was taken up we didn't know that it had cancellation conditions which in hindsight will/could be advantageous as it lessens dilution. The market is reading this one incorrectly IMO. When the Minoro deal is finalized IPJ will show unusual strength.

Best regards,
Ron E
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