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Gold/Mining/Energy : Maxam Gold Corp. OBB:MXAM
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To: go4it who wrote (8930)10/5/1999 12:16:00 PM
From: Richard Mazzarella  Read Replies (1) of 11603
 
go4it, I don't think it's an issue of truth, but rather aspirations that have difficulty of being realized. I believe that Runyon has always told me the truth as he perceives it. Money is the current issue, the plans are set, money will let those plans execute. My understanding:

1. Maxam has the metals.
2. Maxam has an economical extraction process.
3. Maxam management wants shareholders to be rewarded.
4. Maxam needs money to create the mines.
5. The $30MM funding isn't dead, I keep hearing rumors for this month.
6. The high POG should encourage completing the funding.

Could I be wrong? Sure, but this is still my best bet for the desert dirts. I am still accumulating stock, but I also diversify to minimize loss.
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