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

To: Larry Brubaker who wrote (34705)	2/27/1999 7:43:00 AM
From: Richard Mazzarella	Read Replies (1) \| Respond to of 35569

Larry, I didn't say that would happen, but a plausible path. Another path would be to have one or more of the desert dirts show results where BRX would have greater cash value for Phoenix and then sold to a new desert dirt wannabe. I agree there is some value for Maxam shareholders in Maxam not diluting. FWIW, Runyon told me he didn't know that it was "our" Mr. Metals that did the write up. Mr. Metals is an outside contractor to the PR people, they say. Only an innocent could fall into that political mistake IMO. Runyon's argument in going with a PR outfit was an attempt to help shareholder value. Dale was disturbed that every time the company put out good news the stock went down. In hindsight, what I think he overlooked was that the large run-up was in anticipation of early mining, the decline was a general downtrend on that delay, good news only helped people unload. The experimental results of using the PR outfit was that it did nothing except dilute MXAM shares. Oh yeah, Maxam now has a nice write-up, but I or a number of other followers would have done that for them free. Chuca could have done it and Maxam would be $10+ today. <VBG> I believe that MXAM has bottomed and will now appreciate again based on results, watch for the press releases.

To: Larry Brubaker who wrote (34705)	2/27/1999 9:04:00 AM
From: Char	Read Replies (1) \| Respond to of 35569

<<In any event, a little speculation, if IPM completely belly ups, BRX is returned to Phoenix. IMO we could even see BRX eventually a Maxam property at almost no cost to Maxam shareholders.>> I don't know if this is what would happen or not. If you are a manufacturer and sell some products to a store on credit and they in turn file bankruptcy. Does that mean you can go get your products back or are all the assets of the store sold off and you just become a creditor like everyone else and may get paid off in only pennies on the dollar? Is it possible someone else could buy the claims for a song and Phoenix would be left out in the cold? Char

To: Larry Brubaker who wrote (34705)	2/27/1999 7:36:00 PM
From: d:oug	Respond to of 35569

Larry, soon you may finally be able to gloat on this ipmcf thread, but as that saying "will the last person to leave please turn out the lights" becomes applicable for ipmcf shareholders, then you and all the rest of the LOL's at IPM can keep the lights on and rename this the LOL Thread. But don't expect an audience, I predict that not only will current ipmcf shareholder that pledged their shares never post here again, but they will never read this thread again. I don't know why Maxam (Runyon) decided to abandon the shareholders here, knowing that no Plan B was available for ipmcf shareholders. Maybe he felt obligated to lessen the short term lost to Maxam shareholders thru dilution, and let current ipmcf shareholders loose all. <<In any event, a little speculation, if IPM completely belly ups, BRX is returned to Phoenix. IMO we could even see BRX eventually a Maxam property at almost no cost to Maxam shareholders.>> If this happens, then I would like to know if Runyon saw this as a possibility before he agreed to a IPM/Maxam merger. Since one way to get a IPM belly up guaranteed is for yourself to make it happen. ...I would like to know... late in the game now those owed money in bankruptcy court want money NOW the judge has to follow a certain course of action Doug

To: Larry Brubaker who wrote (34705)	3/5/1999 8:26:00 PM
From: d:oug	Read Replies (2) \| Respond to of 35569

Larry, my share count is large in ipmcf and a gold non desert dirt type gold mine in Mongolia. Currently the Mongolian play looks good, not for the type of returns hyped by the Arizona desert dirt precious metals believers, but better returns expected than non high speculative penny stocks. My share count in Maxam and MGAU is too small in quantity to deliever any type of quality buying power. A time period of less than a year is not in the "long in tooth" time frame, but I wonder, is it time for: << Larry, soon you may finally be able to gloat on this ipmcf thread, ... "will the last person to leave please turn out the lights" ... >> or have the lights on this thread already been left on too long ? Doug