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: WLAVEL who wrote (5919)10/7/1998 8:41:00 PM
From: Larry Brubaker  Read Replies (1) of 11603
 
WLAVEL, I used to look forward to Richard's posts. He used to be quite balanced in his views of the dirts, both positive and negative.

I don't know what happened. Lately he's been so fervent in his support of Maxam, he feels the need to lash out at anybody who questions their grossly inconsistent explanations for why promise after promise goes unfulfilled.

Seems to me like the market is on the side of the skeptics. All of the remaining (i.e. those not already bankrupt) dirts are caught in a downward spiral. None of them have any money.

With Maxam's IPM cash cow gone, Maxam must join the rest of the dirts by selling shares to raise the funds to keep going. As with the other dirts, Maxam's share price is such that selling shares means huge dilution to existing shareholders, even if they can find someone to buy them.

I think its only a matter of time before we see further consolidation in the desert dirt "industry."
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