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Gold/Mining/Energy : Indo-Pacific Energy Ltd. (INDX)

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To: Wolfgangus who wrote (795)9/17/1998 12:10:00 PM
From: Donald Lickman  Read Replies (2) of 866
 
For all of you who are wondering what Tricky Licky is thinking.

I can't imagine that yesterday's news of dropping out of a 5% interest on an exploration play could be attributed to the price drop. It represents a minor portion of INDX's assets.

I too have been hung by buying at higher prices but the reality is INDX has real value and great management and is trading at a fraction of its assets. You don't need to be Tricky, even a pea brain could figure this one out.

Why don't you ask Merrill Lynch for their August Australian Energy Review and find out more........

The question is this: who is buying it all up at this price? Will Tricky Licky make bundle?
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