MARUM RESOURCES ON ALBERTA Message Board

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Gold/Mining/Energy : MARUM RESOURCES ON ALBERTA

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To: Mr. Oil who wrote (996)	11/15/1998 1:21:00 PM
From: JP	Read Replies (1) of 2514

Ray - If Marum had anything that was close to being a kimberlite -they could go to Kennecott, DeBeers or Ashton and convince them of it. Then Marum would be left with the same sort of deal that MEO has and numerous other small outfits. Marum has done aeromag, they don't have any money,and they don't have barely any overburden. It should be like shooting fish in a barrel if they had anything. Last Febuary they went looking for Kimberlite with a shallow drill and came up empty. They then changed their tune and claimed to be looking for 'indicator minerals'. They never actually admitted to missing the Kimberlite. They have the aeromag, they have the indicators, they claim they are at the leading edge of exploration technology -why don't they make a deal with a major? The answer is that at the present time they do not have enough to interest a major -after looking for years -with no overburden! Maybe They are on the verge of a great discovery and they are quite correct in keeping all the ownership for themselves because it is in their shareholders best interests to make the stock go to $20 - $5 is simply not good enough.LOL. My guess is that they are trying to soak the market and string everyone along. The reason I like Montello is because they have a huge land position. Marum has a very small land position. The reason I like Absolut is that they are very close to the ACA action. Marum is a fair ways away. I can see no reason to like a small land holder that has been looking forever -with barely any overburden and still does not have enough to interest a major. My guess is that they have squat. Mind you I don't have x-ray vision so I could be wrong - but I sure see alot of better places in the ADP to put money prior to sinking it into these guys. JP PS -Everest is rumoured to be close to a deal with Kennecott on the Calling Lake property. They would be my pick these days in this price range. PPS - When picking a stock to play you need ones that have reasonable volumes to allow you to go in and out. MMU does not allow that -either does Absolut for that matter but I am gambling on the Absolut management to pull a rabit out of their hat someday because I trust them to do so. When I ask Absolut management why they do not promote at all these days -they say it is because they do not wish to promote without something firm to be basing the promotion on. One would wish the MMU management would be so honest.

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