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

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To: Bruce McGaughey who wrote (891)12/21/1996 10:10:00 AM
From: O. H. Rundell   of 35569
 
Bruce, gutsy move trading out of the stock. I wouldn't have the nerve at this point. Will be interesting to see if the stock simply drifts from now to the next announcement. Since the office is closed for the holidays, guess there won't be any news for at least 2 weeks. The pt recovery could be next or maybe the 50 pound recovery results. Either should be positive, but the market still seems to be awaiting verification of the company's claims, that is, the BD sign-off. If the institutions begin to buy on the current news, we should see a nice advancement in the next few weeks. If they wwait for BD, the stock could drift lower. Much to consider! I wonder if anyone has any notion of the difficulty or ease of refining the metals from the matrix. C L, any thoughts on refining, or is it too early to tell. O. H.
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