To: ms.smartest.person who wrote (10660 ) 5/6/2006 4:43:37 PM From: E. Charters Respond to of 78424 I was always told that IPO's were a good way to make money. In a bull market I guess they aren't too bad. The trick is to make it so seed money does not flood your market yet give people a reasonable exit strategy to cash. Gold warrants would be good, iffen they was legal to sell in this jurisdiction. A few miners tried that few years ago and ran into regulatory snags on the VSE. We are involved in a couple of these kind of events. The market is still tough no matter when you go out, as it is extremely "competitive". Nevertheless it is better than it has been for many a year. I have seen a few newbie IPO's lately run by the usual bandits on the TSXV that have not done too badly but it is hard for the little guy to get any stock in these hotties. Catherine Mcleod Seltzer will not phone you up with 15 cents stock in her new Latin American silver play any time soon, complete with cheapo warrants for 2 years.. no, that will not happen. Petie Brown is pretty stingy with cheapo stock and PP's too. You would think the way these guys act that money grows on trees. Ditto for PP's with warrants which should be a LTPM in a bull market. So along comes a group and offers all that, cheap stock and warrants etc.. and what do the people do? Paw at it and sniff etc.. you would think that everybody in the business were bozos the way these investors act. A more stand-offish crowd I have never drank and lost money with. Sniff.. boo hoo.. The secret of this, is the insiders like to load up with million dollar shots at the usual suspect properties that can be dressed, (who knows if they will make a mine), and then slowly promo dump the stuff out to the mouth breathers at a buck a share over the course of the bull, which they have already calculated can only run 20 months. This is what is called a ten banger. For them. That is why you cannot get any shares of note. They can do this because they have 20 shells in their back pocket that they do 20K a year on to rebreathe into when the bulls starts. My idea is sort of the same thing with two differences. I do not sell my stock and we build a few mines for the price of what it costs the usual crowd to look for one big one or promo and drill ten grass rootsies. I think the difference should be 3 dollars a share. Viola Macmillan would not have agreed with me in her truth telling mind, as she never thought mines made any money. Not to denigrate her unncessarily but they did not if she ran them. A good mining operation would not be too hard to build. Real people I know from Northern Ontario could build it. Sort of a latter day Agnico Eagle. It is rocket science but cheap and dirty rocket science. More like plumbing and cooking than rockets. EC<:-}