SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : Maxam Gold Corp. OBB:MXAM
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Zeev Hed who wrote (5588)9/6/1998 12:32:00 PM
From: Richard Mazzarella  Read Replies (3) of 11603
 
Zeev, <<What is the current story?>> The failure of IPM killed off the funding that was expected to allow completion of the Peoria mine site. The inability of the company to create cash flow (production) without conventional funding is the main cause for current stock weakness IMO. The company is now in the process of determining the highest grade area on Peoria to drill a bankable audited resource for BLM mining permits and conventional funding to finish the mine. There have been other temporary setbacks (Mr. Murphy), but very well understood as explained to me by the company. Their new technology for paleo-channel desert sand precious metal mapping (like finding veins in hard rock) is outstanding, check out the Maxam webpage for the new technology issues and the last few press releases to see the dividends being issued to Maxam shareholders of record 10/01/98. I want to take advantage in this temporary weakness to acquire more shares cheap so I hope you will understand that I'm not terribly interested in juicing the dialog up much at this time. Bottom line is that I believe Maxam extremely undervalued. I know that you will rely on your TA so you should be able to catch the next wave, good surfing.

PS, MXAM <46MM shares
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News