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Microcap & Penny Stocks : IKAR MINERAL CORP...(IKAR)..looks to be ready & surprising -- Ignore unavailable to you. Want to Upgrade?

To: Beverley Davies who wrote (44)	11/11/1997 10:27:00 AM
From: FARRIS	Respond to of 188

Gary, Impressive. Eric

To: Beverley Davies who wrote (44)	11/11/1997 11:37:00 AM
From: Ga Bard	Read Replies (1) \| Respond to of 188

Beverly the midpoint buying is giving opportunities to buy in. IKAR is an unusual mining stock. The Russians have mostly developed the site and when IKAR took the property most of the up fron costs have already been bought and paid for. They are presently doing some development which is minor and IKAR has an absolutely wonder relationship with the foriegn government to the point that Randy is on an oversea trip and rumor has it he is going to be ask to serve as an economic liason. Everything about this company goes against of the plurgging that has happened in the past concerning mining stocks. This site is an absolute unbelieveable find. There is nothing I can find that is a down side except it has apparently has a MAJOR short position in it. The company owns 10 Million shares in certificate form and only 6 Million are left in the float. Now those shares are accountable for so if you are buying what are you buying. Now if you go back and look at the stock traded, there are days where 900K traded in a day. This stock is so DANG shorted is it unbelieveable. The company is NOT going sell one share or dilute the float. Sooner or later the shorts are going to have to cover. 2 SOLID world class banks hold substanical positions. As investor are beginning to realize that 1.2 Million are already called for certificates. I am prepared to take a share count if everyone wants to do that. Anyway if you sell you are feeding the shorts however they have nowhere to buy any stock but from investors. Or the midpoint buying will be walked down to $1.28 and when they did they would not fill me till $1.75. They have a daily basis of calls coming in looking for paper available. AGAIN if you do not see the opportunity just stay away and let this one be. MIDL, CSCA, & IKAR are so unbelieveably shorted it is not funny .. LOL people search for shorted stocks that are caught and when they find they sell out ... LOL unbelieveable. GaBard