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Gold/Mining/Energy : American International Petroleum Corp -- Ignore unavailable to you. Want to Upgrade?

To: DRRISK who wrote (8750)	6/9/1998 11:22:00 PM
From: DEER HUNTER	Respond to of 11888

Well. Here's an interesting article. Is this just a short term problem we are experiencing concerning Asia or something much deeper? IMF does not have the funds to bail out failed economies if the crisis deepens. Should we be concerned? What is happening? Tuesday June 9, 10:53 pm Eastern Time IMF would have money for Russia if needed - Rubin NEW YORK, June 9 (Reuters) - Even after three major rescue deals in Asia drained funds from the International Monetary Fund, there is enough money left to assist Russia if the need arises, U.S. Treasury Secretary Robert Rubin said on Tuesday. Asked to discuss what aid the world's most industrialized nations may extend to help Russia end its financial crisis, Rubin said: ''There are sufficient resources to proceed with an IMF program if it is judged that that is appropriate and necessary and if Russia does what it needs to do.'' Rubin spoke to reporters before addressing a dinner. But Rubin also underscored the fund's own financial needs after the IMF extended aid to Thailand, Indonesia and South Korea. ''The IMF is very low by historical standards in its funding and while the probability of a major crisis that could have significant effects on the United States is low, the IMF did not have the resources to deal with all possible crises that could occur,'' Rubin said. He added that this was a key reason the Clinton administration had lobbied the U.S. Congress to pass legislation to replenish IMF funds. Rubin spoke hours after the fund's First Deputy Managing Director Stanley Fischer said the IMF did not see a need for additional financial aid to Russia at the moment but might consider it in the future. Russia's President Boris Yeltsin and his new government have been battling a major crisis of confidence among investors sparked by Russia's chaotic finances and Asia's economic woes. Financial markets calmed after the Clinton administration announced last week that the United States was in talks with other Group of Seven (G7) major industrial nations on providing more financial help to Moscow if needed. Deputy finance ministers from the G7 are meeting in Paris to discuss Russia's economic problems.

To: DRRISK who wrote (8750)	6/10/1998 9:01:00 AM
From: xbrent	Read Replies (1) \| Respond to of 11888

How about an overall update on your thoughts on the likely prognosis for AIPN in the next 30 days or so? Would like to buy in again.