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

To: kimberley who wrote (26501)	11/15/1997 5:50:00 PM
From: Dave Markley	Respond to of 35569

Kim, Lew & the 2 Bob's: KIM: << I have to disagree with your take on the financing... it's really too premature to say it's positive or negative. If you can get the details, I wish you'd make them public so we can all make our own decisions on it. Perhaps it is favorable, but until more details, the jury is still out, at least for me. >> Agree. Based on the information in the PR it is INCONCLUSIVE, at this point in time, to determine how the PP will impact the stock price. (dilution factor) In addition to the ?'s Bob & Bob have raised, it was also stated that it would be a "Redeemable" debenture/note. What are the terms of the redemption? The key ? in my mind is when does the conversion "strike" price get determined?.....at drawdown or at some future time? The only thing positive that can be determined, at this time, (subject to successful closing) is that they will "re-load" the treasury and be able to carry on. This is positive as working capital is probably very low now. Ultimately, any financing is dilutive to shareholders only if the capital is squandered and new value is not created. If IPM can keep focused on moving forward, very swiftly, with the key priorities outlined then this financing will be accretive to shareholder value. It would appear, in my view, that with the unceremonial removal of the albatross BD, the business plan should now proceed at a much brisker pace. Dave