Maxam Gold Corp. OBB:MXAM Message Board

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

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To: DESERTDIRT who wrote (11393)	1/29/2008 9:42:55 PM
From: d:oug	Read Replies (3) of 11603

re: "unable to take part in this bottom feeding" two views: (1) if Maxam goes into banrupty it matters not how many shares you have at an average price, be it 1,000 @$1 or 100,000 @$0.01 for your investment is totally lost. (2) with your confidence, supported by "feel good" info delivered by Maxam's "back-door," a future MXAM share of $1 bought today for a single penny is a x100 return (9900% gain) minus for example an E*Trade commission of $12.95 (cheap lunch) leading me to conclude that your "unable to take part in this bottom feeding" is really your knowledge that "no gold" is the state of affairs with Maxam in regards to ability to make this company a gold producer. Conclusion: You need to hold your current shares (bad money) and not put any more "good money" into MXAM shares since this attempt that smells like a pump & dump did not work as hoped. Thusly: You need to continue Maxam's history into the future until in a year or two another attempt to move MXAM from its bankruptcy value upwards from another gold assay being done. But: Time is not on Maxam's side to repeat its history :) Doug

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