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Gold/Mining/Energy : International Precious Metals (IPMCF) -- Ignore unavailable to you. Want to Upgrade?

To: W.F. Schwertley who wrote (23236)	10/25/1997 7:11:00 PM
From: Chuca Marsh	Respond to of 35569

So you are waiting on BD, COC of another comapny, PR news. Three 10 foot cores at various depths after all these long two years. But we at IPM have 129 original BD COC drills with warehoused samples and since those are a year plus old, we also have the unannounced results of the 20 hole program for 1997 release. I wouldn't be too smug, I and many here have lived thru a multi-bagger chart ; just to see it dissapite. Been there-done that, say; have you taken PROFITS along the way??? ? IPM may just be SPIFFY! and NAXOS....? Oh, what about our original depths at 100 feet going to 500-700 feet this years' drills in the basin, three holes and 30 feet compared to, what the entire lenght of 129 hole originally at 100 feet and now 20 at -say- 600Feet??? I wish all of us well, your Market Cap and Ours, your double the shares outstanding. Chucauhasn't-traded.

To: W.F. Schwertley who wrote (23236)	10/25/1997 9:23:00 PM
From: Matt C. Austin	Read Replies (2) \| Respond to of 35569

WFS. Apparently you haven't done any DD at all on Naxos. The CEO is a gent named Jimmie John. He has no experience at all in the mining biz and got himself in a real bind with the ASE. Seems he sold Naxos stock an AVERAGE of 4 days a week for nearly 3 years. He had a unique way of raising money for the company. He would issue himself options at a really cheap price and then buy that stock from the company. Then he'd sell the stock for 10 times as much in the open market and pocket the difference -- repeat performance the next day. Little wonder he is keeping the company going. He has little incentive to spend money on anything other than what will push the stock price up. I believe that they have the goods on that CA property, but until you get rid of the CEO, you will never be part of a mining company.