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: Richard Mazzarella who wrote (1283)	8/27/1997 12:28:00 PM
From: Raye Derickson	of 5143

Richard---to reply why I think MGAU is so cheap, well it was a big disappointment that Golden Wonder production was halted (for now?), esp. after they touted it so at the mine tour in July. Perhaps the stock was oversold as a result though. Plus, the delayed news which was waiting for completion of the merger never materialized to the extent anticipated. Maybe our fault on that one. One concern I have is the consistency of this "lapilli tuff" a.k.a. "scoria" of volcanic origin which from what I understand is somewhat unique. Is there any info about how easily it would grind down? Do its properties present a concern about wear & tear on the machinery? Still own my initial position, albiet small, holding at a loss. Nice movement lately, but on no news! Lots of reasons to keep accumulating MXAM. Kind of a hedge to counter-balance IPM. I think MXAM can stand up on its own merits, and has everything to gain on good B-D news with IPM. Thanks, Raye

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