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Gold/Mining/Energy : IBI CORP IBIC (CDN) -- Ignore unavailable to you. Want to Upgrade?

To: robert b who wrote (179)	1/26/1999 8:02:00 PM
From: Elizabeth A Rice	Read Replies (1) \| Respond to of 422

You are correct in saying that IBIC's past history has been erratic but we are looking at a speculative company that has found it's direction this year and now has has the rights to a billion dollar mine with the proven value assesed by a TSE certified geologist.The company was very forthcoming at the Annual General Meeting (AGM) about the future and took many questions from the floor. The minutes are available by calling the company. An outside attorney with a huge reputation as a rainmaker in Cananda was the moderator. The CDN wanted to ensure that IBIC used a solid and good PR firm for it's communication and recommended Hume and Keirnan as it's PR/IR. This company has been handling the PR for this company. The company was suspended for less than 2 weeks and trades have been on going just not showing. You can get a listing of all the PR releases by clicking on the carlson on-line button on the IBIC thread in the upper left hand corner of the page. IBIC is in good standing with the CDN who has only been waiting on the confirmation of backstop money in the trust. You can confirm this by calling John Griffith, the head of the CDN to verify this. (you can get his number from the TSE web site, www.tse.com.) IBIC has chosen not to release a great deal of information until after the rights offering and backstop was in place and the CDN allowed trades to show( which is not the same as being delisted) in order for the releases to have a maximum effect on the price. And yes..I do know what is going on and none of it is secret. I've spoken to the CDN, talked with a very intelligent and indepedant broker , read the Radulovic report, crunched the numbers and compared them the Agrium, read up on African politics and agriculture ( on a side note I've seen the mine and know that it is real as I used to live in east africa.) I've been boring everyone I know about phosphate quality, what vermiculite is, read up on how phosphate is mined, read up on other phosphate mining companies and on and on. East Africa desperately needs phosphate for agriculture and is currently paying 400/tonne to import it from South Africa and is buying all they can get which is not enough. Buyers are already lined up for the phosphate. You may or may not be aware( probably not because doing DD does not seem to be something you know much about) that the CDN also takes a large role in mentoring companies that are listed on their exchange and has been providing that role to IBIC. It became very clear to the CDN that this was a junior mining company moving into the big leagues and needed guidance. The application process that IBIC has been going thru ( all 176 pages ) is an exceptionally rigourous document. The CDN no longer has a one page application process and the process that the company has gone thru is the same as the old TSE application.(woe betide any company that gets bumped in the current application environment!) In addition the application is a rigourous as that of other higher exchanges and it would not come as a suprise to see that happen within 6 months or so. The Ontario Stock Commission has approved a rights offering for IBIC and the OSC does not do that unless every aspect of the company is on the up and up. Today, as of 1:30pm EST all documents needed by the CDN have been received. If you are interested in why it takes so long to get fully listed you can get a copy of the 176 pages from the TSE. I had an attorney friend look over the document and he conservatively said that it would take 4-5 months to go thru and process all the paperwork as not only does it involve company financial stuff but also personal background checks/financial checks of the all company officers and some of the board members as well. Robert, you can be as snarky as you want as it is abundantly clear to me that you don't have a clue what is going on with this company.