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Gold/Mining/Energy : Maxam Gold Corp. OBB:MXAM
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To: go4it who wrote (5647)9/14/1998 12:22:00 PM
From: Richard Mazzarella  Read Replies (4) of 11603
 
Charles, the bid was dropped on only 15k. I could be wrong, but taking the current spread and last week's trading that I pointed out, I think that the MMs are ready to encourage the stock back up if new shareholders will respond. October 1st we shareholders more than double our shares. Some have bitched about the additional shares as dilution, but they would bitch even more if it was a reverse split. I'll happily take my new shares, I firmly believe that they will pay off handsomely in time. Interesting that the market doesn't want to buy in cheap, too bad. One of these days the BLM will issue the mining permit, the bankable audit funding will be in place and then the market can buy shares more expensively.
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