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

To: go4it who wrote (29677)	1/8/1998 11:21:00 AM
From: Roger Cordell	Respond to of 35569

<<.....have seen changes in the lot sizes.>> Chuck - Right now the bid x ask is 1 1/2 x 1 5/8. The lot size is 5 x 10. If you were to place a limit order to buy 2,000 shares of IPMCF at 1 9/16, you would immediately see the bid go up to 1 9/16 and the lot size change to 20 x 10. That is because the sleazy MM's would gladly work for no profit, as long as they can contain the price of the stock. In other words, they would look for someone willing to sell their shares at this higher amount, then sell them to you, just to be rid of you. Of course, they would be hoping that this would tap you out. Then they would be free to lower the bid back down to 1 1/2. This morning we saw huge blocks go through with no change in the price. If this were real trading (as opposed to MM's trading between themselves), the price would be immediately affected. Roger

To: go4it who wrote (29677)	1/8/1998 11:42:00 AM
From: Roger Cordell	Read Replies (2) \| Respond to of 35569

Chuck - The bid x ask is still 1 1/2 x 1 5/8, lot size 5 x 10. Someone just bought 300 shares at 1 5/8 (around 10 or 15 minutes ago). The ask size remains at 10. However, if someone placed a limit order to buy 5,000 shares at 1 5/8 (with no restrictions), he would get 1,000 shares, then the MM would most likely step aside and the ask would go to 1 11/16. It would most likely remain there until the rest of the order was cancelled or they were able to fill it by buying those shares from someone else at any amount up to 1 5/8. If a MARKET order for 5,000 shares were placed, the buyer would most likely get the first 1,000 shares at 1 5/8 and the rest at a higher amount(s). It would depend on how determined the MM(s) was at keeping the high for the day down......also on their willingness to short the stock further. Roger

To: go4it who wrote (29677)	1/9/1998 10:27:00 AM
From: Bob Aldridge	Read Replies (1) \| Respond to of 35569

Charles, I'm now quite confused over the last announcement. What is a Wet Chem. Assay with AA finish ? Is this the FA we are now using or something completely different, and if so, why is it relevant ? Maybe IPM intend to use this now, if so has Bateman and the stock exchange approved it ? Why don't they tell us ? It is my understanding that we have a FA that works (as confirmed by Bateman) and that this will prove a reserve of 2,500,000 oz for the first grid to 100ft. I'm happy with this since I believe the deposit is at least 2x this and possibly 10x this. In which case the major risk is `only' an economic recovery process. I just wish IPM would take the time to explain in clear simple language how they are progressing against their stated objectives. The objectives always seem clear enough but each press release seems to be wide of the mark rising more questions than it answers. Bob.