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

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To: James Berg who wrote (547)6/30/1997 3:09:00 PM
From: Chuck   of 751
 
Hi gang...

Spoke with el presidente of MXR today, Mr. Russell Godwin... he was fairly straight, the 20% option is not looking good! They are having trouble raising $1 million to cover it, option being open til mid Aug I think he said. Anyways he is now looking at other properties in North America, (even in BC). He did have a close group of people interested with available cash...BUT because of the Brex fiasco and not enough concrete information and development from the property in Chile, the group has since pulled out...so I think we could be down yonder for a while !!! It could be a longgggg wait before we see .50-.70c again...

I'm just as disappointed!

Chuck

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