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

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To: Daniel M. Whipple who wrote ()12/21/1996 8:18:00 PM
From: Bruce McGaughey   of 35569
 
This is for O.H.
About that brokerage house that's going out of business.....
Back in the summer we were talking about an English house called
"T.Hoare". They had bought IPM, originally. A couple of million shares,
I think. After the AGM, it was thought that a lot of the selling was from T.Hoare
It was to pay for losses they had in other stocks.
When it was done, we figured they still had about 500,000 shares
(at least). We haven't talked about them lately. Does anyone know
any more about that big chunk they control ??? Could that be what
you're talking about, O.H. ???
Second point:
Someone mentioned the 50 lb test and the Plat. report as being the
next two things to come from IPM.
Any idea, anyone, as to a timeframe ???
A week ?? Two weeks ?? A month ??
It was my impression from the press release that it might not
be too far off but then we went for a long time between press
releases this last year........<gggg>
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