Maxam Gold Corp. OBB:MXAM Message Board

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

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To: Findit who wrote (10981)	11/7/2006 12:36:18 PM
From: Richard Mazzarella	Read Replies (2) of 11603

Hi Jim, I wonder why the MMs are buying at 0.04? I suspect they are covering naked shorts, but why, and why now? What could cause an interest in covering their naked shorts? There are a few of possible reasons IMO. Maybe regulatory scrutiny or they know good news is coming, or the company is going private? There is a potentially awful reason, they know a reverse split is in the works where they are involved in the new financing? As far as I can tell Maxam is stuck in the mud. If they can’t produce success with flyash, they will need to raise funds to continue mining development? What do they have to give away to move forward? Do you have any other ideas? Regards, Richard

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