LMX Resources (LMX:VSE) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : LMX Resources (LMX:VSE)

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Nelson McClelland who wrote (33)	3/28/1997 1:05:00 AM
From: Stockdoctor	of 155

FOLKS: CAUTION before you make a fool of yourself. I owned LMX and got out of it last year for a loss in the 2 range. This scenario of a miner becoming an oilman does not fit well with LMX management style and company focus. There is nobody within the company who has expertise in oil and gas industry, even though it is booming right now. Also, it is going to cost a lot of money to explore these oil wells and LMX does not have the resrources first of all. Raising more money through equity financing is diluting the stock further. They maybe able to accomplish this feat of striking oil but it is not very feasible at least in the near term. A very widely followed newsletter that recommended Arequipa Resources, Corriente, and UP among others just dropped LMX from their list as A SELL AT MARKET AND DIGEST THE LOSSES. If Dan Farell can find gold in Mexico which he set out to do, he better not fool investors innovative ideas which wont work. The man has made lot of money and now he wants to play with hard earned money of small investors. REMEMBER: A JACK OF ALL TRADES AND MASTER OF NONE GOOD LUCK ALL!!!!

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next