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Technology Stocks : Xenolix Technologies (XTCI) 'Ecstasy'(Formerly MGAU)
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To: Dave V who wrote (1861)6/25/1998 5:51:00 PM
From: Matt C. Austin  Read Replies (2) of 5143
 
Dave, You and some of the other posters on these mining threads might find it advantageous to sit down with an investment professional and review your financial objectives. The equity markets in general can be hazardous and the mining sector is probably the most volatile. Mining stocks have not done well as a group in many months. This is a small(very small) junior miner. It's probably done as well as an average of all juniors, but that's not very well compared to some of the other sectors. I own close to 2% of this companies stock but it's not for every one. With big potential you usually get big risk. For each very successful miner, you probably have 15 or 20 that fail. The odds are against you having a string of winners in this sector.

Mike has been trying unsuccessfully to do a $400K placement for months to further the Sinagua project. He showed me some of the marble chips this morning that they want to start selling. Damn nice looking material, a lot better than the D G (decomposed granite) that most quarries sell. He and a friend were on the way to contact several potential buyers. I looked over his financial projections and they seem in line with what decorative products sell for. Mike's idea is to get the company supporting itself with the quarry material and keep working toward a funding for the cinder property. He has my blessings and he's a hard working guy with good management skills.
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