International Panorama Message Board

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Gold/Mining/Energy : International Panorama

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To: Chaz who wrote (63)	3/14/1997 5:42:00 PM
From: John Antoniou	of 264

Hi Chaz, I appreciate your words of encouragement. I spoke to steve smith (IR at ILP) he told me that one of ILP's promoters (Micheal something) has backed off on his "buy" recomendation in his newsletter. Micheal claims that the tailings project in Zaire is not economically profitable and that the instability in the region makes this stock a hold. Steve assured me that there are no results apart from the ones stated in press releases. Until we have the results of the pre-feasibility study in April, this guy's statements are completely unfounded. I guess this kind of publicity doesn't help though. My broker tells me that ILP is putting its money where its mouth is. It bought 35000 shares at 1.55 today. He also told me that the president is on his way to Tanzania this weekend to look at some property there. I'm sure many people are following the situation closely. John

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