Brex Exploration Inc. (M.BX) Message Board

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Gold/Mining/Energy : Brex Exploration Inc. (M.BX)

BX 157.64

+1.5%

Jan 9 9:30 AM EST

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To: MAKAMAI who wrote (83)	4/20/1998 3:53:00 PM
From: joe minten	Read Replies (3) of 134

Hi Bert: I spoke with Marla today. She says that Guyana is "on the back burner". They won't do anything about the Guyanan properties until at least one of a few things happen. 1- they have no money to promote/explore. 2- They could use a JV partner (who has money). 3- The POG (or POD) will allow the share price to rise enough to look for additional financing. Having said that, Marla did state that the management team really likes the properties Guyana. Also, the area is cheap to work. There was a large cross today of 471K. Combine that with a cross of 1135500 shares of MIQ today, an one has to wonder what is going on. Marla did say she was going to look into the crosses, and the issue of a potential $150k payment to MIQ to be fully vested in POD at 25%(these last two #'s are speculative at this time). That is all for now. joe

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