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

To: Richard Mazzarella who wrote (33063)6/19/1998 9:15:00 PM
From: knight  Respond to of 35569
 
>>>. I guess the property will revert back to Phoenix, maybe eventually in the Maxam stable? <<<

And the story will repeat itself? Phoenix/Omega/Runyon are the real winners here. Substantial property payments without proving the reserves or recovery method. What a bummer for shareholders.



To: Richard Mazzarella who wrote (33063)6/19/1998 9:58:00 PM
From: go4it  Read Replies (2) | Respond to of 35569
 
Richard,

Actually chapter 11 reorganization will keep the property out of Phoenix hands. It will keep the creditors away for a spell.


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