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Gold/Mining/Energy : International Precious Metals (IPMCF)
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To: Richard Mazzarella who wrote (34685)2/27/1999 3:37:00 AM
From: Larry Brubaker  Read Replies (4) of 35569
 
<<In any event, a little speculation, if IPM completely belly ups, BRX is returned to Phoenix. IMO we could even see BRX eventually a Maxam property at almost no cost to Maxam shareholders.>>

Richard, this is exactly why I always thought the MXAM buyout of IPM was a ripoff to Maxam shareholders. The IPM buyout proposal, as well as the gift of Maxam shares to characters like Mr. Metals (in return for a hype job, something Runyon told me he doesn't do) destroyed the little credibility I had left for Maxam.
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