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

To: d:oug who wrote (33534)	8/1/1998 4:33:00 AM
From: d:oug	Read Replies (1) \| Respond to of 35569

knight, you were not on the work site of the last post, thats why I didn't mention what you where doing. I hope I put this down correctly, ... everyone was working long and hard, and someone said its lunch time, but no food was on the site. Then someone said to you, knight you were in the farming racket, yes ? And you said yes I was. So off you went in the little red pickup truck to get food. And you thought to yourself, I wonder if that place I use to get a good deal on cattle/pig feed is still there. All I gotta do is mix in some hot pepper sauce and some beans and those guys will gobble it down. Whos to know. I'll just stop at a diner before I return, and tell the guys that I'll do the serving and cooking and cleaning, your guys just eat up. And it did taste good too. knight took there word for this. I forgot, who was it that took home the leftovers ?

To: d:oug who wrote (33534)	8/1/1998 11:56:00 AM
From: knight	Read Replies (1) \| Respond to of 35569

Doug, If IPM is kept in tact and the Black Rock agreement as written is still binding, you cannot just sit on the property. Note the following from the 10-Q: d) Diligently pursue the development of the Black Rock Property, provided that there exists the economic merits of pursuing same. Further, in the event that Omega has reasonable grounds to believe that the company is not diligently pursuing development of the properties and can successfully establish this to an arbitrator, then the company will be deemed to have abandoned the Black Rock Property and ownership will revert back to Omega. To me, this looks like you're going to have continue with R&D to Omega's satisfaction or you loose the property anyway. What kind of deal is this? If there is a concern of loosing the BRX, ask yourself this; is there a bidding war going on for the property? I don't think there is, and this tells me that Omega would be willing to cut a deal. Only this time, make the deal favorable to the SH instead of the other way around. The directors of this company have raised some serious capital in the past, lived high off the hog, and bankrupted the company. To even discuss a bail-out with these shmucks is ludicrous IMHO. Start out fresh with a new company and no baggage is the way to go.

To: d:oug who wrote (33534)	8/1/1998 12:16:00 PM
From: Tim Hall	Read Replies (3) \| Respond to of 35569

<< First I need to understand that I don't and should. - Dale Runyon is President of Maxam (damn i gotta read that thread) - Dale Runyon of Omega Corp - debt to Phoenix >> Go to Phoenix, AZ. Go to the state BLM office. Find out who actually has the claims in their name. When I checked, 18 months ago, all of the Black Rock claims were in Runyon and his family memeber's names. I don't know if this was ever changed after the last deal with IPM. There must be some kind of escrow instrument somewhere, if claims are in Runyon's name but IPM payment to be made to Omega. As to the relationship between Runyon, Maxam, Phoenix, and Omega or who the owners/principals are, that has never been made clear on any of the threads. Tim Hall