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Gold/Mining/Energy : Maxam Gold Corp. OBB:MXAM

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To: siwash who wrote (10634)6/1/2006 7:01:36 PM
From: Richard Mazzarella  Read Replies (1) of 11603
 
Hi siwash, yes, I remember also being a short lived Maxam holding multimillionaire, a rush. However, I also remember IPMCF being $10/share. So much for the past, investing is about the future.

IMO there is something very seriously wrong in a company when a stock gets broken to $0.02. There's trouble here.

I was able today to buy 20k shares of MXAM at the bid. MMs almost never sell shares at the bid. Only when they need to dump their inventory does that happen. Now what's your guess on why they need to lighten their inventory?

Regards,
Richard
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