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Gold/Mining/Energy : International Precious Metals (IPMCF)
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To: Alan Vennix who wrote (1296)1/10/1997 2:07:00 AM
From: C L   of 35569
 
Al, They were talking about the scaled up tests.

On Pt., the Prez's message says: "however, we will not report them publicly until IPM is convinced by the weight of the evidence"

The delay suggests to me that they don't have the weight of evidence yet. It seems unlikely that the lab has not reported to them by now. This appears to me that the numbers are either much smaller or much larger than was expected and that they are awaiting some additional lab's input. If the numbers are very large they may be seeking legal counsel, talking to the SEC, etc., etc. This is all conjecture on my part, the co. has not made any statements. IMO the longer the delay, the more likely that the numbers are very large. If the Pt. results were small there would be nothing upsetting to the market.

C L
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