Int'l Pursuit (T.IPJ) Message Board

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Gold/Mining/Energy : Int'l Pursuit (T.IPJ)

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To: Bill McE who wrote (747)	12/21/1998 4:38:00 PM
From: Traveling Man	Read Replies (1) of 835

Bill, I meant that since I believed IPJ had exploration and management expertise, I was wrong,IMO. I think it's understandable how they had to cut back due to the extreme low POG,but they have squandered their entire cash hoard and now stated they are going to leave the Jr. mining business. So, I think my judgement was at least partially wrong,originally. Concerning SEV, I have no information at all. I was only fearful,since they have just blown several million on 3 bad wells now that they may be forced to raise cash in unconventional methods. Their shares are so low now that they aren't going to get much with private placements unless they really dilute. It's only a fear based on absolutely no knowledge that we don't already know. I hope I'm wrong since I'm long SEV and have been for a while now. TM

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