Charles, sorry to have hurt you, but you must admit that if Metals will abstain from posting his dire predictions for IPMCF, there will be left only those voices telling everyone, now, at $.25 is a bargain, and then now at $.15 it is a bargain and further at $.05 it is a bargain and so on. The truth is that I have not seen, so far a solid argument stating succinctly why IPMCF can even survive. They have no money, as far as we know, they have no economic process, and as many have said on this thread before, it might be cheaper to extract gold from the ocean waters than from black rock. When newbies see only those bullish notes from the zealots and hear about the millions of ounces burried in the sands, without hearing the detractor voices, they might easily jump in at $.25 (how low can it go?) and at $.10 (can it ever go lower?) or after a nice 10 for 1 split, find that it can still go from the new $1 per share all the way to $.1 again. IPMCF has done that before and after spending some $40 MM of OPM, they are still at the same place they have been for the last five years. While not wanting to hurt your feelings, nor anyone else, new investors should assess realistically what this company can do.
Good luck.
Zeev |
