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Gold/Mining/Energy : LMX Resources (LMX:VSE)
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To: Investment Data Exchange who wrote (119)3/10/1998 12:49:00 AM
From: Fletcher Cane  Read Replies (1) of 155
 
At the AGM in Feb they said that the hole was only down a few hundred meters ,like 800, I think. They were cleaning out the core . They had run up 260,000 bucks debts and were going to sell off the mining interests in Mexico and get this back on it's feet again. The chances of hitting an oil or gas well while wildcatting is something like 3 percent. I see they issued stock for about this much money and I guess it was for accounts payable. Regards
Fletcher
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