Xenolix Technologies (XTCI) 'Ecstasy'(Formerly MGAU) Message Board

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Technology Stocks : Xenolix Technologies (XTCI) 'Ecstasy'(Formerly MGAU)

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To: Brian Donohue who wrote (1125)	7/9/1997 3:20:00 PM
From: C L	of 5143

Just had long talk with Mike A about MGAU. The hi-grade veins they were following at the Golden Wonder ran out and the grades were not strong enough to keep the mill running. It was strictly a business decision to suspend operations for now. They are running Merril material thru a small bulk plant to confirm whether the grades are consistent from one end of the deposit to the other. If there is any consistency, we have a monster here. Mike anticipates the finished data in about 3 to 4 weeks. The float is very thin and no doubt, the stock holders are not happy about the 'producer' being a non-producer now. Hang in there, guys. C L

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