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Gold/Mining/Energy : International Precious Metals (IPMCF)
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To: d:oug who wrote (34027)9/7/1998 9:54:00 PM
From: Bill Jackson   of 35569
 
Paunch. I will echo what Eric charters says. Sinc Thall, myself and Eric own no shares we can be impartial. Shareholders see an impartial and negative comment as an attempt to take their money away from them with calumny. This is incorrect. Eventually the mine will work or not work and make or not make money and the shares will settle to their proper value. In this case they have settled to a fraction of a dollar.
It is quite possible for a group of investors to hype a stock all by themselves into a high and false value. negative comments actually help as they defeat the fake hype.

If you have a crooked group helping the hype for their own crooked reasons you get an even higher value, followed by a catastrophic fall.
In the case of IPM from near $20 to a few pennies.
Another stock with actuall proven reserves in Timmins had a range from just under 10 cents to about 40 cents. That is Moneta Porcupine mines(ME-Toronto). They have never been in the grip of any crooked promoters and they rise or fall on merit alone. I am sure they will kick back up to 30-40 cents or more this year if gold jumps. ANother is Royal Oak, (RYO-Toronto) Now well under $1, they could turn around like a scared cat if Kemiss boosts their income this quarter. Another is StAndrew(SAS Toronto), a producing mine around $2, could be worth $6-20 ina few years. These are all honest miners/explorers with near zero promotion or hype. I own zero shares of all three and have no connection with them at all. However if some hype appeared and they semed to get into some chicanery I would ask hard questions there.

So bear in mind that being sick is wanting to cling to a false(provable false) reality. If you prove that IPM has precious in good amounts I will admit error but I will not run on hearsay.

Were the claims paid for before the end of August? or restaked?

Bill
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