DESERT DIRT INDEX VALUES AS OF DEC 18, 1998:
NOTE:
For the year of 1998 through Dec 18, MXAM's stock price is down by 76%, NAXOF is down 86%, GPGI is -87%, CHIP is -91% and IPMCF is -100%.
For the quarter from Sept 30, NAXOF is up 33%, GPGI is down 32%,
MXAM is -40%, CHIP is -44% and IPMCF is -100%.
A basket of the five stocks is down 87-88% on the year, depending on the particular indice.
DATE__________”DDI-CAP”________”DDI-SHR”_________”DDI-DOL”
DEC 18__________128_______________120_________________120
SEP 30___________124_______________122_________________174
AUG 7___________165_______________164_________________200
JUL 31___________192_______________189_________________221
JUL 24___________194_______________192_________________246
JUL 17___________199_______________197_________________272
JUL 10___________359_______________352_________________394
JUN 30___________375_______________343_________________322
JUN 26___________400_______________373_________________366
JUN 19___________434_______________397_________________354
JUN 12___________510_______________465_________________440
JUN 5____________395_______________362_________________419
MAY 29__________402_______________370_________________462
MAY 22__________371_______________348_________________492
MAY 15__________458_______________428_________________548
MAY 8___________500_______________470_________________572
APR 30___________562_______________528_________________630
APR 24___________650_______________605_________________805
APR 17___________547_______________515_________________761
APR 9____________652_______________614_________________824
APR 3____________664_______________630_________________736
MAR 31___________640_______________616_________________764
MAR 27___________693_______________646_________________722
MAR 20___________605_______________581_________________671
MAR 13___________531_______________522_________________606
MAR 6____________714_______________689_________________713
FEB 27____________758_______________736_________________726
FEB 20____________843_______________810_________________762
FEB 13____________758_______________744_________________754
FEB 6_____________866_______________876_________________944
JAN 30____________903_______________903_________________923
JAN 23____________918_______________916_________________966
JAN 16___________1028______________1015________________1030
JAN 9 ____________912_______________924_________________966
DEC 31___________1000______________1000________________1000
NOTE: For the year 1997, the “CAP” index was up 9.5%, the “SHR” index was down 6.8%, and the “DOL” index was up 19.3%. These indices were based on a basket of stocks purchased Jan 1, 1997 on the same basis as described below.
BACKGROUND
Market Indices for the basket of 5 “Desert Dirts” have been calculated for three different investments.
(1) MARKET CAPITALIZATION (DDI-CAP) - Assumes $1000 invested in the 5 stocks on the basis of the proportionate value of the market capitalization of the stocks as of 12/31/97.
(2) EQUAL SHARE AMOUNTS (DDI-SHR) - Asssumes $1000 invested by buying equal number of shares in the 5 stocks based on their 12/31/97 closing prices.
(3) EQUAL DOLLAR AMOUNTS (DDI-DOL) - Assumes $1000 invested by buying equal dollar amounts of the 5 stocks at their 12/31/97 closing prices.
Initial values for the three investments were calculated as follows, using estimated shares outstanding as of Dec 31, 1997:
STOCK__________CHIP______GPGI______IPMCF_____MXAM______NAXOF
MM SHARES ______12.2________21__________21_________45___________34
12/31 PRICE_______0.56_______1.88_________1.28_______0.38_________6.25
“CAP” SHARES____40.3_______69.4_________69.4_______148.8_______112.4
“SHR” SHARES____96.7_______96.7_________96.7________96.7________96.7
“DOL” SHARES____357________107_________156_________533_________32
With these share amounts, index values were calculated as above. |
