Maxam Gold Corp. OBB:MXAM Message Board

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

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To: Richard Mazzarella who wrote (5288)	8/15/1998 4:24:00 PM
From: GlobalMarine	Read Replies (1) of 11603

<< A high stock price and management can piss in your shoe without complaint, low stock price and it's lynching time>> Precisely correct, Richard. We invest for one reason only, and that is to see the value of our investment increase. If the company enhances shareholder value (i.e. increases the stock price), shareholders are happy. If the company diminishes shareholder value, shareholders will be unhappy and voice their displeasure. One new thought...One reason why IPM's process wasn't economic was because they had to tailor the leach proces to each individual sample. If it is true that Maxam has to tailor its chemistry to the ore to make the pilot plant work, could the company be walking down the same road? With the stock price at $0.14 and going nowhere despite the company being receipt of leach results, the news on Tuesday or whenever cannot be bullish, IMO.

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