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

To: Richard Mazzarella who wrote (32479)	5/30/1998 1:54:00 PM
From: Zeev Hed	Read Replies (1) \| Respond to of 35569

You are absolutely correct Richard, I still feel that GPGI is worth $10/share if and when they get their show on the road. But, I am also on record as not recommending buying since 2.5 quite sometime ago, despite monthly reminders from threaders, "Zeev, is it time?" The same principles that kept me out of IPMCF kept me out of GPGI through this decline, "when the FA and TA do not jive...." . The only difference is that GPGI is run extremely frugally, so they are managing to stay afloat (and who knows for how long, since without positive cash flow, they'll have to sell more stock, thus more dilution at these prices), IPMCF run through money at a voracious pace, including funding other ventures (belonging mostly to the executives) they had no business funding. In one of the first 100 posts on this thread, I went through that analysis quite in details (of course, CL did not agree <VBG>). Zeev