Maxam Gold Corp. OBB:MXAM Message Board

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

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To: siwash who wrote (10886)	8/17/2006 7:20:09 AM
From: Richard Mazzarella	Read Replies (2) of 11603

Hi siwash, I wouldn’t depend on MXAM for my children’s education. IMO only Hewlett has benefited from MXAM. He won while we all lost. The biggest mistake Maxam ever made was to tie their success to his star. Other Maxam winners are the market makers. We had (and may still have) property that allowed for mining gold by any standard, 0.045-0.06 OPT. It could never be shown to be economic for funding, why? There were then a number of Maxam diworsifications, bottled water and more worthless preferred stock. Selling stock in foreign markets was another distraction. Even your father pulled out the rug from MXAM by selling stock for the cheap price of $0.10 just when the stock was appreciating with a good story. IMO the flyash may offer a future, but there’s real money potential there that can find funding for larger companies with hundreds of researchers willing to hack away at the issue. What makes you think that Maxam will be successful with flyash? Maxam talks about recovery of flyash aluminum. There’s little volume value with aluminum. Scandium is the potential, but we hear nothing about its recovery. No, take a loan for collage expenses and have the comfort knowing that your children will end up smarter than us that own MXAM stock. IMO the only chance for MXAM stock is if they dump Hewlett and refocus back to leach mining gold at their properties again. Regards, Richard

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