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Microcap & Penny Stocks : NAMX -- North American Expl.-- Que Sera Sera!
NAMX 0.00010000.0%Mar 7 3:00 PM EST

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To: bob who wrote (1107)9/17/1997 11:13:00 AM
From: alchemy   of 4736
 
Hello Bob:
You are correct in your statement that I have no more idea of what's going on with this company than any one else. Except you. Unfortunately, you seem to have lost the ability to retain what you have read or are applying selective memory.

Aside from my opinion that Paul Ebeling has run a pretty conservative ship so far, what facts do you dispute?

Are you saying that UPR is building a helium producing plant in an area that is not helium-rich? Please refer to UPR's own release regarding this facility.

Are you saying that NAMX has not drilled two wells as they have reported in their PR? Please read NAMX's releases regarding these wells

Are you saying that NAMX is not now in the process of getting permits from the state of Colorado to drill on UPR land? Please read NAMX's most recent release.

Are you saying that NAMX is not pursuing exploration agreements with other large landowners in the West? Ditto.

Because if you are saying any of those things, you are wrong and you are misleading this thread with false information.

I am fraid that you may have been bitten by Hunter and succumbed to a rabid negative fanaticism regarding this company.

As for my "Peaches and Cream" assessment, I made it very clear in my post that this investment is not for the faint hearted. If you are risk averse, then you don't invest in exploration companies. It is as easy as that. Do you think that the people reading this thread are a bunch of idiots?

I'm betting that UPR knows what they're doing and that NAMX is just one of several drilling companies (Mull Drilling included) who will benefit from finding LNG/HE deposits in an area that is rich in a very expensive and rare gas. We will know within a year or two whether or not this is the largest helium field outside of Siberia. Personally, I think NAMX has developed a certain expertise in this area that will give them an exploration edge. If I am wrong, I guess I lose. It is my gamble that is based on information that I have accumulated over the past seven months.

I encourage everyone to do their own due diligence regarding this company.

Respectfully yours,

marty
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