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Gold/Mining/Energy : Maxam Gold Corp. OBB:MXAM
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To: Anthony Zack who wrote (9021)11/4/1999 4:17:00 PM
From: Richard Mazzarella  Read Replies (1) of 11603
 
Anthony, I don't think the new equipment has anything to do with funding or cash flow. IMO it's just the company increasing it's developmental capability. The largest batches they could leach before was 20 lbs., now they can do 10 times that mass. It also lets them optimize the new pure metal precipitation process. The funding hold up was the disclosure of the banks involved (there are a number of feed through banks involved in the funding). That is slowly being resolved, the "problem bank" is now out of the picture. IMO things should move fairly quickly, we should know something positive soon, my guess.
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