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rrm_bcnu

12/23/06 4:40 AM

#2926 RE: RichieBoy #2924

Rich,
I do not know if the JV closing has taken place or is pending any necessary filings as stated by colts.

His fiduciary duty is to take care of business. The stock price will take care of itself if he works the business end properly.

To say that he is grossly negligent is a pretty far strech IVO of OUR lack of insight as to what needs to take place to accomplish the objective. Less emotion ... more facts.

Have you talked with BR regarding your questions?

Though the articles of merger have been filed with the Wyoming SOS, I cannot find any such filing in Delaware. That doesn't mean it hasn't happened... just that I can't locate it.

I agree that BR should update his shareholders. There may be clear reasons, possibly competitively-based, for him to withold JV announcement until all the ducks are in a row.

I encourage you to revisit the time line from the pre-announcement to the most recent name change amendment. That was all a prerequisite to any action on the JV. That coupled with any Eldorado Mining actions that need to be coordinated, might result in the delays involved.

If you sold IPMG for a loss, YOU took your own money. This is a pink sheet exploration stock. The risk is there before you buy. So is the potential reward. Not slamming you rich... just want the old Risk/Reward ratio recalibrated.

Happy Holidays to you and yours

Rick