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 (5491)	8/27/1998 8:16:00 PM
From: GlobalMarine	Read Replies (1) of 11603

Richard: I disagree. Even at the AGM, the company had only $200K in the bank at that time, if I read the fuzzy images on the videotape right. So even if they had that bank balance, $50K is a princely sum. Given that they have to continue paying rent, salaries, supplies, testing and so forth, my speculation is still that not all 130+ sq. miles of claims will be renewed. If you think that it's all petty cash, please explain why the chairman's letter gave assurance to everyone's speculation that the lack of cash is a limiting factor?

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