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Gold/Mining/Energy : MXR MAXIMUM RESOURCES INC. (VSE:MXR) UP?

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To: J. Nelson who wrote (33)12/21/1996 9:12:00 AM
From: Merle Goertz   of 751
 
Jim,

Sorry, the fan went in my computer. I'm back though. I was out Christmas shopping all day yesterday and I wasn't watching the market.

I have no idea about what happened there. I have to think that they were arranged trades though. There hasn't been that much stock on the bid in any one block.

From past experience I say they are positioning someone. Hopefully it's their IR group.

Last I heard from Russell was that they were hoping to get everything completed in early January and could exercise the option at that time.

I still believe that it's a great buy right now and will move in January.

I'm going back east for Christmas so Merry Christmas to everyone and see you in January.

Merle
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