Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: TheBusDriver who wrote (25169)	11/10/1997 10:29:00 AM
From: Ted Bowen	Read Replies (1) \| Respond to of 35569

Man it's great to see somebody that can constructively disagree on this forum and still be civil with each other. Much more class than some here!!!!!!!!!!!

To: TheBusDriver who wrote (25169)	11/10/1997 12:55:00 PM
From: Claude Cormier	Read Replies (3) \| Respond to of 35569

Wayne, << this is where you and I disagree CC....the FACT that Midas holds ANY shares is exceptional when compared to how many shares of other JVG companies they hold....like the ones I mentioned in a previous post...all popular JVG companies but how many shares does midas hold of these companies????? Please answer. >> We disagree of course..and that what makes a market. One day, you may need a buyer for your shares of IPM <vbg> But let me again try to convince you. Midas may not own TNR, VEC or else..(which are not exactly popular JVG) But it owns Colossal, sister company of VEC, which also went down the drain. It owns also dozens of other juniors which have done poorly in the year. There are hundreds of companies that Midas doesn't own. Stocks like Manhatan, Pan Am Silver, First Silver, Richmont, all good companies with excellent performance in the last 2-4 years. If one study Midas PF, he may not reach a positive conclusion for the year 1997. So, the fact the Midas owns IPM when it doesn't own the company you mentioned (or others for that matter) doesn't make of IPM an exceptional company. Funds have to build portfolios and the selection of its components is often based on various circumstances that are not related to the value of the company ( one of these is timing between availibility of cash to invest by the fund -and- availability of shares on the market) Funds make errors like we do. As I said, it is positive that Midas owns IPM, in the sense that it gives them credibility. But they have less than 1% in IPM stock...while they have 4.6% in Dayton, 2% in Vista Gold, 8.1% in the Newmont group, 1.1% in Viceroy...and so on... in all, they own interest in more than 100 companies. So what is exceptional about them owning IPM? What if they made an error buying IPM ? Like they did with a few other company.... Like we all do. CC