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Gold/Mining/Energy : Indo-Pacific Energy Ltd. (INDX) -- Ignore unavailable to you. Want to Upgrade?


To: Donald Lickman who wrote (523)12/2/1997 10:52:00 AM
From: Dan B. Brockman  Read Replies (1) | Respond to of 866
 
Help me, I feel an urge to buy more!
Got a few thousand shares now, and want more.
It's clear that INDX has got good NZ acreage, and the intention to drill,
but I still question the commitment of Guidi to OUR interests.
Is he a trader, or a long term developer of the enterprise that we own a part of? Are we going to get drilled instead of the ground?



To: Donald Lickman who wrote (523)12/2/1997 11:46:00 AM
From: Tami  Read Replies (1) | Respond to of 866
 
I do realize that Fletcher is a large company. The Canadian connection was an error, sorry. Furthermore, I consider the Indo/Fletcher joint venture the most solid/honest element I have seen for a long while from Indo. Perhaps I didn't make my actual objection very clear. I will attempt to restate it. The amount of insider trading that has gone on in Indo, Guidi for one, over the past year and a half is disturbing to me. It can make a company appear more interested in manipulating the stock price then actually making the company preform for itself, or the stockholders. More bluntly, in for the personal gain rather then company profits. That is only my feeling about the insider trading over the past year+. I would also admit that Indo's (Bennett's) ability to aquire permits has been remarkable. I am still invested in Indo pretty heavy, so I must have some hope.