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


To: knight who wrote (29745)1/10/1998 1:05:00 PM
From: go4it  Respond to of 35569
 
No I don't follow Naxos. Shortly after I had heard about the company it got delisted from the ASE. I do know that Naxof is almost impossible to follow because it is traded on the pink sheets which also makes it very difficult to short as well. If they ever get off the pink sheets then I would strongly recommend heading for the hills. IPM was in a position to do a placement at higher than $6 and never did for whatever reason I could only guess but probably because they felt that the PP could be done at higher prices. Miscalculation I guess.

Chuck



To: knight who wrote (29745)1/10/1998 3:16:00 PM
From: Larry Brubaker  Read Replies (1) | Respond to of 35569
 
Knight: Sometime last Spring, IPM was trading at $10+ and Naxos <$1. What did that prove? Yes, Naxos is the apparent leader for now and I wish them well. But as far as I'm concerned, they have yet to prove much of anything either. GPGI has rich dirt as well, and it doesn't mean squat if you can't do anything with it (their $15,000 payment for a year's worth of production notwithstanding).

Being the leader in the dirts may only mean that they have the farthest to fall.