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

To: Tim Hall who wrote (34148)	9/11/1998 11:49:00 PM
From: d:oug	Respond to of 35569

Tim, My hope for the near future includes a long term approach. I hope the current shareholders can do a buy out of IPM from the chapter 11, which means pay off the debt and issue those new shares to collect the money needed for debt payment and fees to get the tests results needed for a prove of the Black Rock dirt. If this point is obtained, then as Paunch said, keep the IPM company private (off the exchange), until a later time. To me later time arrives when price of gold goes higher. Also, during the wait, IPM should watch for developments in the extraction of precious metals from desert dirt type soil. Could be a 1-2-3-4-5 year wait, but the end results could be a realization of the desert dirt riches dream. As for the issue of the near future, as in if the shareholders do go ahead with a buy out proposal, then if the debt can be payed off, and if the continued IPM can "sit" on the dirt for say 3 months without having to prove it, then a advertisment in the various mining magazines "help wanted, ceo type, IPM to prove the dirt", should accomplish the new blood getting. Doug