Today's Results:
IPM closed @ $2.26 on 63,000 shares; $2.25 Bid and $2.31 Ask.
CYX closed @ $7.90 on 39,000 shares.
CAT closed @ $1.80 on 8,700 shares; $1.80 Bid and $2.00 Ask.
At time of writing Au = $361.70/oz.
The Globe and Mail had an interesting article today with regards to Greenspan's warning and the POG. I only got a chance to review it quickly, but I believe it suggested, as a result of Alan Greenspan's comments, that gold could begin a steady increase as people begin to use it as an inflationary hedge. Do any of you think the activity with ANZ (Antares on the TSE) is having, or could have, an effect on Colony Pacific? I have no idea as to the geography of Sumatra; are these properties close. It was also told to me, some time ago, that CYX and Inco have substantial areas for exploration/development in Sumatra. If this is true (I am not sure?) we should see IPM's shares shares trade relative to CYX.
Roman, you had mentioned some time back,that you believed there were some fund managers looking at IPM, any more info or thoughts? All for now, Best Regards,
Mike |
