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

To: Robert Knight who wrote (28615)	11/27/1997 11:48:00 PM
From: Furry Otter	Respond to of 35569

Yes, my view comports with yours 100%. I think we are seeing a company hit with some engineering setbacks, and is adopting a conservative view until it can get these issues nailed down once and for all. Even under the conservative view, however, this stock is hugely oversold. A PR with decent financing will add significant value, as will news that fleshes out the resource, that they have platinum or palladium FA numbers, or that Bateman/AuRIC has come up with a better recovery process, with a FA that matches consistently. There are still some problems, e.g. financing, what is up with Namibian Copper, are they spending all their borrowed money wisely, etc...I expect these issues will be addressed one or way or another in the short term. Unlike you, I am clawing my way back, but making a significant purchase at 1 3/16 is helping tremendously, I had to swallow hard at the time, but I am glad I did...if it dips down there again, I'll be swallowing hard once more <g> Happy Thanksgiving Regards, Otter