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

To: Matt C. Austin who wrote (24716)	11/6/1997 11:12:00 PM
From: John D. McClure	Respond to of 35569

Well Matt, I guess some folks have to learn the hard way. Mr. Holeski may end up paying quite a premium to say he was in on the start of a new era in mining (VBG)! *JDM* Long John

To: Matt C. Austin who wrote (24716)	11/7/1997 1:16:00 AM
From: Claude Cormier	Read Replies (1) \| Respond to of 35569

Matt, on funds ownership: << It's not bothered Cap Guardian, Midas or the others. What other junior explorer has this high of a % fund ownewrship?? >> Many junior companies have 25-35% of their shares held by funds as most of them go the same route to get financed. What is more important to look at is what percentage the company represents vs total portfolio of the fund. As of June 97, Midas had 1.7% of its PF in IPM stock (350,000 shares). I read here they sold 100,000 since then which should bring them at .7-.8% of their PF. If they still own 350K shares, then it is 1% in IPM. I don't think that Midas is yet convinced that IPM and the DD will revolutionized the gold industry. Capital Guardian seems to be having more shares, but they are also a much larger group of funds. When Midas and the like have the proof that IPM and other DD will be successful, they will up the ante and buy as much as 4-5% of their PF.. IPM would then be on par with their other prefered selections. For now, the fact that Midas and others have IPM in their portfolio is no indication that a revolution in the mining industry is about to start. Maybe things will change soon... Who knows ?