Amalgamated Explorations (AXPL) thread 2 Message Board

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Gold/Mining/Energy : Amalgamated Explorations (AXPL) thread 2

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To: S. Thomas who wrote (82)	5/6/1997 1:31:00 PM
From: John D	of 269

I like the way you look at the numbers. No ownership yet - waiting on info from the company, i.e. latest 10-Q and 10-K. Have not received them yet and they are not on the SEC EDGAR system (last time I checked). Do they know the EDGAR system is mandatory? Just looking at royalties sells this company short. If they continue to hit 100% on the drilling results they will not only be able to negotiate higher royalties but probably some considerable up front fees. I would think that every driller would want a study done on their site before the drilled. Why waste millions on a dry hole. I don't know anything about the industry except what I read here and on AXPL's web page but this technology looks great. I will jump only after I get the financial info I requested. If it does not come I won't invest - need to make an informed financial decision to see if they have the backing to take this baby higher.

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