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Gold/Mining/Energy : Bomax Resources - BXS.VSE

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To: Leigh McBain who wrote (112)	4/15/1997 11:44:00 AM
From: Johan van Slooten	of 313

Well, it's actually looking better then I thought. They're just waiting for the approval of the VSE. A letter from the VSE has been received. Bob Mullin couldn't tell me what was in (it was on the desk of Jim Bond), but I guess Bomax has to make changes in the valuation of SSI. This will in fact be better for current shareholders (less dilution), I assume. Contacts for granite-selling are there. The guy from Calefornia has shown samples in Japan; he seems to be excited about the product and is willing to finance production start-up, when things get rolling eventually. Promotion is not possible at the moment, since the acquisition of SSI is still not approved by the VSE. So, they can't put a newsrelease out about the delivery of 125 m3 granite some ten days ago (first cash flow!!!). Conclusion: still a waiting game! The Dutchman

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