To: GlobalMarine who wrote (2788 ) 5/2/1998 10:14:00 PM From: Alan Vennix Read Replies (1) | Respond to of 3594
DESERT DIRT INDEX VALUES AS OF APR 30, 1998: NOTE: All of the index stocks were down in the month of April, with NAXOF down 7%, MXAM -11%, CHIP -20%, GPGI -21% and IPMCF -47%. The blitz of Press Releases continued during the month of April, with all but MXAM having at least two releases. All PR's are available on the company web sites so will be only mentioned briefly here. NAXOF announced the letting of the drilling contract for the next phase(s) of drilling at Franklin Lake, the start of electronic trading, the results for hole #5, and certified gold and platinum recoveries from COC samples. IPMCF announced that they had received a decision from NASDAQ to proceed with delisting of the IPMCF stock from the SmallCap. In a letter to shareholders, IPMCF provided additional details of the NASDAQ proceedings, recapped their activities of the past years and outlined their future plans for Black Rock. (While IPMC is formally trading on the CDN, some trading apparently continues in the US for IPMCF and quote services report these activities; on April 30, 11,000 shares were traded with a closing price of 0.30, consistent with the 0.40C close for the Canadian trading of IPMC.) GPGI reported that the refiners had been successful in increasing recoveries from their anode sludge product. They also reported that GPGI would no longer be on the "Designated Securities" list as a result of audited financial data which indicated sufficient assets to be exempt from the listing. CHIP reported on the status of a lawsuit related to its former casino activities and also announced that the agreement to acquire the previously announced 60% interest in the Cochise property in Arizona had been extended from May 1 to August 1. For the year of 1998 through April 30, MXAM's stock price is up by 47%, GPGI is down 45%, NAXOF is -46%, CHIP is -64% and IPMCF is -77%. A basket of the five stocks is down 38-47% on the year, depending on the particular indice. Weekly data and background information is available at:exchange2000.com Alan