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

To: Bob Jagow who wrote (26390)	11/15/1997 5:50:00 AM
From: Steven Wentworth	Read Replies (1) \| Respond to of 35569

Here is Ron Struthers comment. recious Metals IPMCF on Nasdaq No doubt, as you can imagine I have been swamped with email and phone calls. I have stuck my neck out on IPM and have not changed my mind. THERE IS NO NEED TO PANIC !! Mining exploration stocks are very volatile with wild swings up and down. We have seen huge profits and losses in Donner, Western Copper and Bema to name a few, where they have gone way up, down and back up again. IPM is little different. It may go down on Monday and up on Thursday or vise versa I am just going to give you a couple brief comments and will have a full analysis of the recent announcement before trading on Monday. I will be spending the weekend digging up all I can behind the scenes The best way to describe today's announcement is a reality check, both for the hypsters and the naysayers. I have visited all the desert properties and checked them out thoroughly and know of many other individuals who have taken their own samples. The big disappointment with me today is I expected grades at least twice as high. But this does not matter, a few samples do not make a mine but only prove the existence of gold and platinum. First off, todays confirmation by Bateman that there is gold and platinum at BRX proves the scam callers are dead wrong. The AZDOM is dead wrong. Another nail in the AZDOM coffin in the legal dispute. The naysayers and scam callers in the press, on SI and the internet have been proven WRONG!!. Because of this it is my opinion that anything they say cannot be trusted. IPM stock is in play by the shorts and Institutions. You can expect a big attach by the shorts and a lot B.S on the internet over the weekend. They will try and shake confidence to drive the stock price down on Monday to make the recent press release appear as negative. The Institutions are heavily into the stock. There support will be key next week. The news release on Friday has cleared the air for me to fill you in on much more than I could prior. These are just some brief comments with more to follow There was no mention of BD. Even though my previous updates always mentioned BD/Bateman. This is no surprise to me and shareholders should be pleased. I have mentioned numerous times that Bateman is the best thing that ever happened with IPM. Investors have always complained about the slow progress of 'The BD Report'. Bateman has achieved more in three months than BD did in three years. The acceleration in events will now be a pleasant surprise. If you haven't caught on yet, this is Bateman's show, BD, Auric and Friendship have been a great help but they are fading in the past, more to follow. A gold fire assay is key, this has never been accomplished before (confirmed by 3rd party) on BRX ore. Bateman has confirmed Platinum at BRX, again the naysayers etc are full of B.S. A very crucial part in this release is about financing. Look around you, the whole mining sector is devasted, gold is hitting 12 year lows, mines are closing, junior gold explorers are trading for pennies. The mining giants Placer and Barrick are hitting lows they have not seen in 6 years or more. WAKE UP PEOPLE !!! U.S. Institutions are proposing to fund IPM with a convertible note for a 25% premium over the stock price. Why in gods name would institutions do this in todays market. This is the most bullish sign you will ever discover in a junior gold exploreer. It is very obvious to me that these Institutions know a lot more than what was in todays news release. Don't kid yourself, they have met with Bateman and know exactly where IPM is headed This is from my Short Squeeze Update on Nov 11th On November 14th 1997, the shorts have just realized fatal error #1 & #6 "1- They have counted on BD/Bateman to prove IPM a scam. They are wrong. This is their biggest mistake" "6 - They may have anticipated a private placement or dilution in the stock to help them cover lower. They are wrong. I can't divulge yet how this will work but IPM will get financed and there won't be the shares or dilution come to the market as they expected to help cover." The shorts have acted on leaked and incorrect information about 6 months old . They were counting on IPM going to Zero. They will now be in panic mode. Expect a big attach on the SI internet thread on the weekend More to come P.S. I have heard a few foul comments in the past about Canadian miners against IPM and the desert dirts on SI. I heard there could be a large number of Canadians on the bid come Monday morning <VBG>. Just a rumour of course!! Feel free to post this to SI and email to other shareholders. I will try and make some posts to SI on Sunday after my final update