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

To: Brander who wrote (29400)	12/20/1997 12:24:00 PM
From: Bruce McGaughey	Respond to of 35569

Some intersting thoughts about the Reg S shares, Brad. However, you forgot to factor in the "Shorty" function into your equation. If those 845,000 short shares had to be covered in a hurry, the Reg S shares mean very little. I think if we get any kind of positive news soon from the company, given a bottoming gold market, you'll see IPM back at the 5-6 level pretty soon. Maybe by the end of the year ???

To: Brander who wrote (29400)	12/20/1997 3:07:00 PM
From: go4it	Read Replies (1) \| Respond to of 35569

Brad, I don't understand this reg S stuff but it doesn't make sense to me. Somebody came in and started buying. If resistance is due to the reg S shares being converted at a profit then somebody believes that they are making a mistake because we still had some good buying at the end of the day.