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 (5434)	8/24/1998 10:54:00 AM
From: Larry Brubaker	Read Replies (1) of 11603

Richard: "One or two issues." The one issue that did it for me was spending funds to build a pilot plant, and then apparently abandoning that plant. Makes absolutely no sense for a company with precious few funds to begin with. Their explanation seems for why seems a little hollow to me. Have yet to see an explanation that makes sense. The other continuing issue I have is that the stock price reflected this situation long before most of us had any clue. I bought even though the stock was weak because I was expecting some results from that plant to turn around the stock price. Then they announce the plant isn't even going to be used only after this event was pretty much fully reflected in the stock price.

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