Maxam Gold Corp. OBB:MXAM Message Board

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Gold/Mining/Energy : Maxam Gold Corp. OBB:MXAM

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To: J.L. Turner who wrote (5763)	9/26/1998 11:23:00 AM
From: KipferlMeister	Read Replies (2) of 11603

With all the bad news out, IPM was trading at $1.50 and had a market cap of around $30,000,000 before the delistments took it down to present levels. The question is where would it be trading now if still listed? It's anyone's guess, but even if you assume only at $0.25 or so, adding that capitalization to Maxam's post-deal shares would translate into a $0.125 rise in price. I think Struthers' valuation was off, but his overall point -- that Maxam gains more than just acreage in the deal, was probably valid. -Michael

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