Tim, My hope for the near future includes a long term approach.
I hope the current shareholders can do a buy out of IPM from the
chapter 11, which means pay off the debt and issue those new shares
to collect the money needed for debt payment and fees to get the tests
results needed for a prove of the Black Rock dirt.
If this point is obtained, then as Paunch said, keep the IPM company
private (off the exchange), until a later time.
To me later time arrives when price of gold goes higher.
Also, during the wait, IPM should watch for developments in the
extraction of precious metals from desert dirt type soil.
Could be a 1-2-3-4-5 year wait, but the end results could be a
realization of the desert dirt riches dream.
As for the issue of the near future, as in if the shareholders do
go ahead with a buy out proposal, then if the debt can be payed off,
and if the continued IPM can "sit" on the dirt for say 3 months
without having to prove it, then a advertisment in the various
mining magazines "help wanted, ceo type, IPM to prove the dirt",
should accomplish the new blood getting.
Doug |
