MXR MAXIMUM RESOURCES INC. (VSE:MXR) UP? Message Board

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Gold/Mining/Energy : MXR MAXIMUM RESOURCES INC. (VSE:MXR) UP?

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To: J. Nelson who wrote (240)	3/28/1997 7:14:00 PM
From: Tom McIlwain	of 751

Ando & J Nelson: A lot of the selling is indiscriminant selling resulting from the need to meet margin calls resulting from the drop in price of both Bre-X itself and then all the other stocks sold to cover Bre-X bought on margin. This hapened even before the shares of Bre-X resumed trading. This has set up a vicious cycle which may feed on itself for a few more days before everything stabilizes. Often shares which hold up well one day become prime targets for the next. Not trying to be negative. In the end I think MRX may do okay. Just one possible scenario for the next few trading days. One other problem to consider. After the dust settles, it may become very difficult for any small mining companies, even those with good properties, to raise capital. Where does MXR stand in this respect? Recent financing gave them $100,000 and an additional $125,000 if warrants exercised. Financial requirements on the Mina Claudia property are for 25% of costs to bankable feasibility - correct? Wonder what that might translate into in $$$$$$. Something to consider. Tom McIlwain

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