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

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To: Babe' Boua who wrote (571)7/28/1997 10:10:00 AM
From: James Berg   of 751
 
No, I have called the company before as well as e-mailed them and I'd have to say that MXR sounded like they firmly believed in FIRE and the properties. Once of the project geologists sit on MXR's board and they would have the "inside track" to all of the info about the properties. They also are going to do some sort of Chilean acquisition no doubt thanks to their FIRE contacts in the near future.

MXR had financing lined up and then Bre-X hit. Suddenly, all of that dried up as all resource companies became suspect thanks to Bre-X. MXR tried to obtain other financing, but it was not possible given the current investing climate.

--James
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