NAMX -- North American Expl.-- Que Sera Sera! Message Board

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Microcap & Penny Stocks : NAMX -- North American Expl.-- Que Sera Sera!

NAMX 0.0001000

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Mar 7 3:00 PM EST

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To: Hunter Vann who wrote (2557)	2/10/1998 8:05:00 PM
From: Terry Lyon	of 4736

Hunter, I own a few shares of NAMX and I am also concerned that audited financials are not yet released. I don't know what NAMXs market cap is, but I suspect it is around $13-22 million which is fairly small for even half of the potential of $17 million per annum (see post 2490) from the Nebraska property. Drilling costs could be recovered in a couple months of production due to the estimated low drilling cost per well. The EM Sounder technology appears to work and could add greatly to NAMXs bottom line in the future. Doesn't management own a significant number of shares that would provide incentive for them to improve shareholder value? I am also concerned about long term debt which I can't assess without the financials. It sounds to me that NAMX is on the road to profitabity and it would benefit management as well as shareholders for management to provide audited financials soon. Terry

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