Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : IBI CORP IBIC (CDN) -- Ignore unavailable to you. Want to Upgrade?

To: robert b who wrote (76)	4/20/1998 11:02:00 PM
From: Doug Heuring	Read Replies (1) \| Respond to of 422

robert why do continue to be so negative on ibic, are you short, if you don't like ibic, then quit posting on it. time will tell, but i for one along with many others like what we have in ibic, and as for uganda, do some homework on there phosphate deal you will be impressed, well then agian, nothing about ibic, impresses you. so lets leave it at that. i like ibic, and you don't, simple enough, so peace, and goodluck with your investments and goodluck with mine now to who is following ibic, here is letter from wade investor relations, i ecourage all to email ibic, so you can be put on email list for further updates dough lot has been happening at IBI Corp. and I just wanted to bring everybody up to speed before I introduce you to our new Investor Relations person (and apologize for taking so long for getting back to some of you). Firstly, to follow up on the Uganda phosphate deal -- Management is heading over to Uganda in the first week of May to further the financing for the project (roughly US$2.5 million in debt, from the various groups like the World Bank, IFC, AEF and others). The Finance team will work with the banks and the people like Edward and Dr. Doidge will press the flesh with the Politicians over there during their week long trip. They will also look at taking an Engineering Team with them to qualify the property with an Engineering report acceptable to the TSE. Secondly, with respect to the timber concessions over in Guyana, as mentioned in Edward's "letter to the shareholders", there are now a possible three private deals that IBI is looking at in addition to the Government property. IBI is currently looking at how by having one or possibly all three of these private deals would enhance the Government concession as all three of the private deals have very valuable infrastructures and market share that we could not realize simply by having the Government concession alone. Of the three private projects, one is of particular interest to IBI, but we are still apart on the asking price of this project. Once IBI is close to coming to agreement on this private project, Management will return to Guyana and wrap up all of the deals at one time. (You can read about one of these projects in the Guyana newspapers if you can get any back issues from around the time that Management went to Guyana about a month or so ago). I know that this sounds like it may take longer than we originally thought to tie this up but I would like to put this in perspective for you: If IBI was given the Government timber concession tomorrow, we would still be at least a year or so away from timber production because of the lack of infrastructure and market penetration with this concession. What IBI is aiming for is to buy out one of the largest private producers (with their existing infrastructure and dominating market share) and combine it with the Government concession, thereby moving production up to almost immediate. Just keep in mind, your Management Team is trying to negotiate the best possible deal for us all. It might take longer but we'll get into production sooner. I just want to come back to the phosphate deal for a moment and start my apology for not responding to those of you who have called or e-mailed requesting information or updates. This phosphate deal is larger than anything that we have worked on here at IBI Corp. and although this deal is larger than even the potential of the timber deals, unfortunately we have caught some (or most) of you off guard with the magnitude or even the relevance of this deal. This happened for a couple of reasons: a) Phosphate is not a sexy product, therefore not a lot of people have knowledge of the market or even know if there is any money in it. and b) By being so wrapped up in helping to get the financing and marketing together on this project, I personally, really dropped the ball on the Investor Relations side of IBI Corp. -- BIG TIME. And I deeply apologize for that. You will be happy to know that starting tomorrow, (or today for that matter as I look at my watch) IBI Corporation will have a new Investor Relations person working full-time on just keeping everybody informed and answering your questions on a timely basis. Our new person's name is Lloyd Clarke and will start Monday April 20. I will be working with Lloyd for the first couple of days and then will return to the duties pertaining to the rest of the phosphate deal. Lloyd has a great deal of experience in marketing preparation for Mutual Fund companies and will be totally overhauling and improving the way information is provided to the shareholders. For those of you who remember my predecessor Mr. Peter Hogan, Peter had started our Investor relations function and was putting together some really decent material and was doing a great job, (until I took over). Lloyd will be able to pick up where Peter left off -- you should be impressed. Lloyd's first order of business will be to return all of the e-mails and requests for information from all of you and to educate everybody on the opportunity in the phosphate market ----- there is a ton of money in phosphate but until Lloyd gets back to you, ask your stock broker for information on phosphate companies. There are some here in North America doing very well. Again, my apologies for taking so long for the updates, ---- I KNOW you have lots of questions for Lloyd. He will be handling all of the e-mail and phone calls, so please direct all of your inquiries to him. The phone number for those of you that don't have it is: (416) 777-1073. Thanks. Please give me a hand in welcoming Lloyd as the newest Member of IBI Corp. by sending him an e-mail again to: info@ibicorp.com. Thank you. Wade Crawford