International Precious Metals (IPMCF) Message Board

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

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To: Paunch who wrote (34046)	9/8/1998 6:51:00 PM
From: E. Charters	of 35569

An American style buyout that does not make the same offer to all the minority shareholders is a screw job. The company has no assets, far too many shares and that is way too high a price to pay for the shares. A dead shell with no property, with no money and debts? Why? I am as close to a professional opinion as you will get on the value of the Arizona dirts who is willing to communicate to you honestly. I have no axe to grind. The stock without the property and no debt is worth about 1/10 of a cent per share. With the property it is dicey. If you were to relist on a CDN exchange the property is worth 10,000 dollars down and 100,000 shares maximum by law, as it has no provable ounces on it. A research program, which I assure you has better competitors for the dollar, to prove recoverable gold in those sands is very expensive and not the kind of thing a junior company should take one. When you can buy conventional properties that have millions of ounces probable for 10 cents on the dollar and be sitting like a king when gold comes back why pee pee your money away on dreams when you are not a scientist with the idea. Dreams don't make returns, business does. E. Charters mailto:echarter@vianet.on.ca

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