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Gold/Mining/Energy : International Properties Group (IPX-TSE)
IPX 36.41+0.1%Dec 30 3:59 PM EST

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To: Crocodile who wrote (47)1/20/1999 7:28:00 PM
From: trustmanic  Read Replies (1) of 104
 
Hi Croc,
When I phoned that IR lady, she was belong to the Properties sales not the administration. She was more interested in selling me properties, so I asked for info kit on both properties and stock. I don't know if they have buy back..It seems that when this company went public, the price was fixed over $1 and they said that the book value is over $1.
To me this is a speculative buy.. I guess nothing is not speculate. I'll keep it and wait and see the next Q report to see if they are on track, then to decide to buy more or sell.
Guess 0.70 is no harm for a bet.They have a strong balance sheet. I must admitted that this company is different from the other real estate company.

George
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