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To: go4it who wrote (1282)	1/23/1998 12:18:00 PM
From: Bruce McGaughey	Read Replies (1) \| Respond to of 1539

Good jump today in the XAU and gold. On the charts, I see a reverse head and shoulders, with right shoulder near-term resistance at the 75 area (for the XAU). To my way of thinking, this could mean that we'll rally up to 75 by Monday or Tues, rest there for a while, and MAYBE continue up from there in a week or two. Gold stocks are looking STRONG. ABX and PDG up over a point today. Fid Sel Am. Gold up 3 % today. I think this is it, folks. Indonesia is collapsing. Fourth most populous country on the globe. What country will be next ??

To: go4it who wrote (1282)	7/24/1998 1:43:00 PM
From: BillyZoom	Read Replies (3) \| Respond to of 1539

Paunch Current IPM shareholder positions as best as I can tell are..... 16,500,000 Cede & Co. (Funds, General Public) 4,000,000 Omega (Dale Runyan & Co.) 1,550,000 IPM Executive Officers & Directors 22,050,000 Total issued and outstanding If Omega would be willing to support it we have a shot at 20,000,000 voting shares. A support level of 50% would give us roughly 10,000,000 shares to work with. One thing is clear and that is the cooperation of current management is required to make it at all feasible. A possible financing structure that is open for debate is... Interm financing of 10,000,000 common shares at 0.10US that carry 2 warrants, both exercisable upon issuance at 0.10US with expiration of (A)Oct 1,1998 and (B)Dec 1, 1998 respectively. Shares with warrants only to apply to shareholders of record as of June 19, 1998 (Date of Chapter 11)and to be available on a 1 for 1 basis with shares held at the June 19 date. (If you had 5,000 shares at June 19, you could purchase 5,000 shares with 2 warrants attached) Yes, it would take outstanding shares to over 50M but a share split later on (2-1?) would put it back in line and the deal is fair to current shareholders as they are the only ones able to average down on this program. All funds raised would be held by an appointed trustee with the sole use of the capital to (Interm financing & A Warrant)initially pay outstanding debt and secure current drill samples and (B Warrant) to complete property purchase with Omega and pay annual fee on staked claims. To move forward with anything like this we need current management to put it to security holders through the solicitation of a proxy vote (and deal with corporate structuring issues on the same ballot) but first Paunch, we need someone like yourself along with designated legal council to present a workable solution like this to IPM management for their approval. Please, lets have some constructive feedback from current shareholders, large and small, to try and get a consensus of opinion. The intentions here are very sincere so lets try and keep it civil. Rob