International Precious Metals (IPMCF) Message Board

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Gold/Mining/Energy : International Precious Metals (IPMCF)

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To: KipferlMeister who wrote (3361)	3/5/1997 2:39:00 PM
From: C L	of 35569

Ron Struthers came out with an update this morning, it's great that he is staying on top of this situation: Int. Precious Metals, IPMCF on Nasdaq The stock is up big time 2 days in a row and went right through where I thought some resistance might be at the $US8 to 10 area. Whats happening? It is quite simple, big money and Institutions are buying up the stock. This is likely being lead, by a leader, The Midas Fund. Once it started rising the retail interest picked up as well. This is what we have been patiently waiting for. Don't sell any stock just sit back and enjoy the ride. I expect IPM can move into the $30 to $40 range in the next few months, as long as news comes out positive and we don't see any surprises. Not everyday you get to ride a stock like this one. Like BreX and DFR the best strategy is to simply hold and let management use their $$ to fully value the property and the share price. This is exactly what the big money and the institutions will do. We will only know what this value and share price will be when the drills prove up the goods.

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